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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (17520)	12/3/2004 9:02:02 AM
From: Knighty Tin	Respond to of 116555

The chimp's been elected (not re-elected, as he didn't win the first time) and doesn't need the grubby voter idiots now, otherwise birth/death would have been 300,000. <G>

To: sciAticA errAticA who wrote (17520)	12/3/2004 9:10:28 AM
From: mishedlo	Respond to of 116555

U.K.´s Halifax says house prices fell in Nov - Friday, December 3, 2004 12:10:08 PM U.K.'s Halifax says house prices fell in Nov - UPDATE 1 HONG KONG (AFX) -- U.K. bank Halifax said Friday that house prices fell 0.4 percent in November, and predicted prices would decline by 2 percent over 2005 "Last month's modest fall was smaller than the declines in August and October," the bank said, "suggesting that a measured slowdown may be underway." The figures also suggest the Bank of England's strategy to cool the housing market through sustained interest rates hikes may be working Â November house prices were still up 16.8 percent in quarterly terms year on year, but lower than the July peak, when there was a 22.1 percent rise from 2003 "The fundamentals underpinning the housing market remain sound. In particular, the ongoing strength of the labor market, reflected in rising employment levels, will continue to support housing demand," said Halifax Chief Economist Martin Ellis Halifax predicted U.K. house prices would fall by 2 percent in 2005. That would be a dramatic reversal from nine years of rising house prices, during which the price of the average home in the U.K. has risen by 160 percent Halifax expects modest price increases over the next few years, and anticipates more affordable house prices will result in more first-time buyers "The return of first-time buyers, along with generally good economic conditions in the U.K., will generate a steady improvement in housing market activity beyond 2005," Ellis also said