Comments on: Up to 8 years Time Before the Housing Market Reverses! http://www.yourrightmove.co.uk/blog/up-to-8-years-time-before-the-housing-market-reverses/ Monitoring the current climate for UK home owners and renting property Wed, 01 Feb 2012 10:54:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Zanet http://www.yourrightmove.co.uk/blog/up-to-8-years-time-before-the-housing-market-reverses/#comment-6 Zanet Wed, 09 Dec 2009 09:59:17 +0000 http://www.yourrightmove.co.uk/blog/up-to-8-years-time-before-the-housing-market-reverses/#comment-6 It seems a year and a half on this has proven to be the case in the Uk Housing Market for 2009 It seems a year and a half on this has proven to be the case in the Uk Housing Market for 2009

]]> By: Rebecca Wilder http://www.yourrightmove.co.uk/blog/up-to-8-years-time-before-the-housing-market-reverses/#comment-3 Rebecca Wilder Tue, 19 Aug 2008 13:29:00 +0000 http://www.yourrightmove.co.uk/blog/up-to-8-years-time-before-the-housing-market-reverses/#comment-3 Interesting article - that the UK housing market would take a much longer time to reverse than the housing market in the the US. One reason is that the US has had the benefit of expansionary monetary policy on its side; the Fed has lowered short-term interest rates 3.25% since September 2007, which is holding mortgage rates at low levels. On the other hand, the Bank of England has not accommodated UK's week economy with expansionary policy; the BoE cut short-term rates just once, 0.24% back in April. So the housing market is facing falling prices, rising mortgage rates, and all with no expansionary monetary policy expected.<br/><br/>It will take a long time for the UK housing market to reverse - 8 years is a lot, but if that is it, that is it! Interesting article – that the UK housing market would take a much longer time to reverse than the housing market in the the US. One reason is that the US has had the benefit of expansionary monetary policy on its side; the Fed has lowered short-term interest rates 3.25% since September 2007, which is holding mortgage rates at low levels. On the other hand, the Bank of England has not accommodated UK’s week economy with expansionary policy; the BoE cut short-term rates just once, 0.24% back in April. So the housing market is facing falling prices, rising mortgage rates, and all with no expansionary monetary policy expected.

It will take a long time for the UK housing market to reverse – 8 years is a lot, but if that is it, that is it!

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