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Ponderings on the Housing Market
Posted By Patrick On 02/02/2009 @ 11:18 am In Money, Home Searching, General | No Comments
What is the relationship (if any) between the equities market and the housing market? Certainly the stock market crash in the 30s led to mass unemployment (25% in USA) and ultimately lower house prices, and this appears to be happening now too. Did this depression lead directly or indirectly to the War 9 years later ? One can only guess!
And what of good old blighty ? Although enquiries appear to be up in recent weeks, this is not by all accounts translating into sales as the mortgage lenders criteria has become more stringent and tighter to reflect their concerns about the market.
I am still looking for a scenario where all of MY factors come together - Price / Location /Style and outlook.
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