One of the leading lenders in the UK, The Halifax actually recorded a 1.9% gain in house prices over the month of Jan. This piece of news was totally unexpected.
It would be easy to get carried away and attribute it to the road of recovery, however there are so many other issues currently, that such assumptions would be naive.
Unemployment is rising rapidly, liquidity is still poor and consumer confidence is at rock bottom. That said, Halifax housing economist Martin Ellis optimistically views this statistic as a sign of stabilization.
Lets hope he´s right
Thursday, February 5, 2009
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