Entries (RSS)Glimmer of light?
I reported earlier in the month the Halifax house price survey for January had shown 1.9% increase in house prices over December.
Since then I have read a number of positive comments regarding the housing market.
- Primelocation.com, the property search site, has reported a slight recovery in asking prices in recent weeks
- Propertyfinder.com reports that 11% more consumers contacted estate agents about buying in January this year than December, primarily at the bottom end of the market. .
- The website claims first time buyer interest has increased by 50% in the last 3 months
- A number of estate agents have said they are receiving higher numbers of buyer inquiries.
In my mortgage business I have also seen increased activity and a large number of enquires from first time buyers. First time buyers are the life blood of the property market, since without them the house chain cannot get started.
So, I know it’s only the start of positive news, and we need to look at a much longer term to see a trend. But isn’t it great that at last we have any positive news at all. Even if it is relatively short lived it is the first bit of positive news for some time. So something to feel good about.
July 9th, 2010 at 5:11 pm
Who knows what happens next… All I know is:
Nothing is illegal if one hundred businessmen decide to do it.
July 10th, 2010 at 5:20 am
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