2011 good news on house prices growth to return in 2011!
well here is some good news at last about house prices in 2011, hold onto your hats because according to this article growth will return in 2011 (positive thinking)?
Mortgages: housing market `will return to growth in 2011`
6 August 2009
The National Housing Federation (NHF) has said that house prices could rise by 20% between 2012 and 2014, but gave a less positive forecast for the more immediate future.
In its latest forecast, the NHF predicted that house prices will fall by 12.2% this year and 4.6% next year. It said prices would then stabilise in 2011 with a 1.1% rise, before going through a three-year boom between 2012 and 2014.
However, it claimed that even with this boom, many homeowners who bought at the peak of the market in 2007 may still be left in negative equity (i.e. with a mortgage worth more than their property) throughout most or all of the period covered in the study.
A mortgage expert for Think Money said: "This is just one of several views on how the housing market will fare over the next few years, and we will have to wait a while before we have a clearer picture.
"Falling house prices may make some people cautious about buying a home, but with house prices - and many mortgage rates - currently quite low, it may make good financial sense for some people to buy now, rather than waiting and risking this kind of increase."
from think money website
think money website
Mortgages: housing market `will return to growth in 2011`
6 August 2009
The National Housing Federation (NHF) has said that house prices could rise by 20% between 2012 and 2014, but gave a less positive forecast for the more immediate future.
In its latest forecast, the NHF predicted that house prices will fall by 12.2% this year and 4.6% next year. It said prices would then stabilise in 2011 with a 1.1% rise, before going through a three-year boom between 2012 and 2014.
However, it claimed that even with this boom, many homeowners who bought at the peak of the market in 2007 may still be left in negative equity (i.e. with a mortgage worth more than their property) throughout most or all of the period covered in the study.
A mortgage expert for Think Money said: "This is just one of several views on how the housing market will fare over the next few years, and we will have to wait a while before we have a clearer picture.
"Falling house prices may make some people cautious about buying a home, but with house prices - and many mortgage rates - currently quite low, it may make good financial sense for some people to buy now, rather than waiting and risking this kind of increase."
from think money website
think money website
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