30 March 2009

Housing Market Showing Signs of Improvement

Fresh surveys are released this week showing possibly good news on the housing market. According to the data, there has been a slowdown in the decline - landlords are buying more than they are selling and the fall in house prices has slowed for the first time since last Spring.

There seems to have been an increase in news stories hinting at 'green shoots' in the UK economy. Would it therefore be cynical to say that this is purely spin? Anyone can see that the economy is in no way showing signs of recovery yet - can't they? The unemployment figures certainly do not look like they are improving, so perhaps one should think even more carefully about such strings as mortgages and secured loans...

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