ANALYST VIEWS: IS THE HOUSING MARKET SLIDE SUGGESTING THAT THE ECONOMY IS HEADING BACK INTO RECESSION?

first_img whatsapp KCS-content Share whatsapp Sunday 19 September 2010 10:39 pm Show Comments ▼center_img HOWARD ARCHER | GLOBAL INSIGHT“The more worried that consumers are, the more reluctant they will be to commit to buying a house. It is notable that surveys have recently been showing reduced buyer interest. Given this backdrop, we suspect that house prices could fall by around 10 per cent between now and the end of 2011.”LUCIAN COOK | SAVILLS“It’s not a time to panic but there is a softening on the market and we expect a drop in price of around five per cent on the next six months. There is more stock available and uncertainty over the economy makes this a crucial period. The prime market will perform better because there is more equity.”TOM GIDLEY-KITCHIN | CHARLES STANLEY“The housing market is in a difficult place with the number of mortgages being awarded so low. We see a slowing down of the market (transactions) of around five to 10 per cent. Housebuilders will probably improve their margins as they have bought land at a lower rate in the downturn.” More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com ANALYST VIEWS: IS THE HOUSING MARKET SLIDE SUGGESTING THAT THE ECONOMY IS HEADING BACK INTO RECESSION? Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img

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