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

To: maceng2 who wrote (30572)	5/22/2005 6:00:43 AM
From: maceng2	Read Replies (1) \| Respond to of 116555

But who knows in this Greenspan Era. Perhaps now is a good time for house prices to go to ten times average earnings?

To: maceng2 who wrote (30572)	5/22/2005 11:47:34 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

The number of properties sold in England and Wales has fallen by more than a third compared with 12 months ago, Land Registry figures have shown. The volume of house sales in the first three months of 2005 was down 34.8% against the same period in 2004. Annual price growth continued to ease, with prices up 10.3% on the same period in 2004, compared with annual growth of 11.8% seen in the previous quarter. Recent surveys from mortgage lenders have hinted that the market is cooling. Economic forecast group Capital Economics recently said that the UK housing market was at an "impasse", with buyers no longer willing, or able, to meet asking prices and sellers reluctant to lower them. news.bbc.co.uk