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House Prices Fall Knowledge Base
Why does refinancing become difficult when house prices fall? From what I gather, if your current home value is lower than your outstanding loan, you're in trouble. And why do people default and foreclose on their homes when house prices fall? Could someone elaborate on this? I can't seem to comprehend it. Thanks!
How far will house prices fall ? I remember the last recession in the late 80's / 90's where house prices fell by up to 30%. How far will house prices fall this time?
What happens to banks if house prices fall? What happens to banks if house prices fall?
How can I hedge the value of my house if prices fall? I think that housing prices will continue to fall this year. We will see more foreclosures and prices will weaken. How can I protect the current value of my house without selling?
Will the house prices fall even more? A question for the market experts (NOT the people in real estate business pls since you guys are about benefiting yourselves) Now I got a feeling the prices will continue to fall , esp later throughout the year. I'd rather pay less money on the house than get a house overpriced just because the interest rate is low right now. Any of you who agree with this?
How far will House prices fall in 2009? My opinion is that house prices have to drop back to AFFORDABLE levels. But what is affordable? Most sensible people feel it is unwise to borrow more than THREE TIMES your annual income when buying a house. Most people don't earn more than about £28,000 a year, which means their maximum borrowing shouldn't exceed £84,000. How many people have borrowed far in excess of that?
How much % will UK average house prices fall in the crash? With the average UK house price being at around £180,000 at the moment. (I know £180,000 doesn't cover the very expensive areas.. it's just a national average) Ollie, the banks no longer have enough money to keep lending for as many transactions of £250,000 a time. There is not enough lending money to go around. That's why mortgages are harder to get and more expensive.
To what extent will house prices fall and when will it stop? If a 3 bed house in south east london was ranging £70-90k in 2000 and at the end of 2008 were between £170-210 and now at about £150-160, what price do you think it will drop back down to and over what length of time in your opinion Thanks
If they credit crunch has resulted in a fall in house/property prices, why is this a bad thing? I have noted that a recent result of the global credit crunch is its affects on the property market. I have learned that house prices have fallen recently. However isnt this a good thing? Lower prices means cheaper houses, no? Could someone please explain this as i really dont get it (amature here) Thanks.
By what percentage will UK house prices fall in the next 12 months ? I've heard everywhere from 5% to 15%, but what is your opinion? Also, will the global financial crisis have a dramatic effect on this?
If theres a recession will house prices fall, fall, FALL? If there is a recession will house prices fall, surely this is great for first time buyers, they might be able to actually afford a property :)
Question about home mortgage when house prices fall? Would a home mortgage lender expect the borrower to repay some of the mortgage if the house price drops significantly. As a comparison, with investment loans lenders can make a 'margin call' asking that the borrower repay some of the loan quickly to maintain a minimum amount of equity in the total investment.
How much do you expect house prices to fall? They are 13% down from the peak at the moment.
To what extent has the credit crunch contributed to the fall in UK house prices? We all know that the credit crunch has banks to blame for because of giving out massive loans without making a proper risk assessment. But are the goverment as well to blame for the credit crunch if yes then why ? But mainly what i want to know is "To what extent has the credit crunch contributed to the fall in UK house prices" Thanks
How much are house prices likely to fall to and when is going to be the best tome to take advantage of it? Say a house is valued at £250,000 at the moment, how much is likely to fall in value to and when?
Why does the CPI indicate that housing costs are rising when all data shows house prices are falling? Wouldn't it stand to reason that with house prices falling so dramatically, rent (including imputed rent to homeowners) must also be falling? And wouldn't this fall balance out or even outweigh the dramatic rise in food, energy costs, etc. of late? (because housing costs are the largest portion of people's budgets). If true, are the current inflation fears overstated? Thanks in advance.
Are house prices continue to fall in 2008 in California? I live in the Imperial Valley in California are houses have drastically drop in prices. They have dropped 20 to 30K and I am thinking of buying my first house but do not know if it is the right time? Please help.
will house prices fall with present government in england? i am looking to bye flat,i do not need a morgage,,i am wondering if present goverment means houses will rise or fall..just so confused as to bye now or wait in this present england climat this is for my home,,not investment or looking to sell to make money,,
Are house prices going to fall any more in the UK? I want to buy my first house, however do not want to be stuck with negative equity if house prices drop any more. Any experts out there have some wisdom for me?
What makes house prices fall ? I know a recession but what made the housing prices decrease in the UK recently? (just to be sure)
Can someone comment on house price rise or fall in london? We Have recently purchased a house in London but can't move into it(far off from workplace) and we don't plan to move there in future also. at present if wesell it off we r getting a profit(£5000). The other thing is to sell it after 1 -2 years and rent it out now(tenants available). our mortgage will be covered by the rent only doubt i have is if the market becomes static or the house prices fall down we will land upp in -ve equity my partner views r if we r not planning to move into that we should sell it off now my views r we should hold it as house prices always go up and we will make profit from it what is the advice?
do you think house prices in California will rise or fall this year? I live in Garden Grove, California. I don't know if I should buy a house yet or wait a little. If the house price will continue to fall, then I should wait till it bottoms out.
Are house prices falling in the USA and if so, where and by how much? Here in the UK, we keep hearing from certain sources that in the USA, house prices are beginning to fall quite drastically. Is this true? If so, can you tell me where and provide examples where possible? Thanks.
How long do you think the fall in house prices will last? And by how much do you think they will fall by percentage wise??? Also how much do you think the first time buyer will benifit
Will house prices fall or rise or stay the same this year? IN UK ONLY PLEASE!!!!!!!
Why is the fall of house prices in the UK reported to be a gloom? It should be a celebration! Why can't houses be seen as homes again instead of unjust get rich quick investments? This "got to rip you off" mentality in Britain should be made illegal. Houses are for shelter but programmes on TV treat homes as nothing more than showrooms for profit. I know people may have negative equity but we can't continue to rip off others because of what wanton greed caused in the first place. Justice needs to be readdressed and homes are sensible for everyone.
are house prices in canada going to fall in the next six months? are house prices in canada going to fall in the next six months? will it be like in the us?
Do you agree house prices should fall in the UK? Only UK citizen's answer please. The credit crunch is a manufactured scam by the banks to take people's property away and its working...
What do you think of claims that House Prices have started To Fall In London ? http://www.fool.co.uk/news/property-home/2007/08/09/house-prices-start-to-fall-in-london.aspx?source=ioowftxt0010011
Will house prices in Seattle fall more? Do you think house prices in Seattle will fall more this year? Would like to buy a property and am a first time buyer but just unsure of when to purchase.
Will house prices in Australia fall in the next 12months? There has been a large number of investors who purchased mulitple rental properties. With increasing interest rates and a plateau of capital gains, will we see houses prices drop considerably as investors sell off their rental properties? On the otherside of the coin, with the share market 'wobbly' will investors hold on to their houses as a relatively stable investment - and continue to help keep demand high? Your thoughts and opinions?
Do you think we could see house prices fall 55% and see house prices back to pre-1998 figures. Do you think? think that house prices will not climb up for years or even decades http://uk.biz.yahoo.com/18032009/389/house-prices-recover.html Do you think an average house costing £160,000 will fall to £72,000
When average house prices are lower, are mortgate interest rates likely to be normally higher or lower? I'm trying to find out whether or not mortgage interest rates are normally higher when house prices are low. When for instance, house prices were low in the 1970's (UK), were mortgate interest rates far higher, slightly higher, the same or even lower compared to today? Although of course there are many different conditions that effect mortgate rates, but generally would they be more likely to rise when house prices fall?
Will house prices continue to fall or is now a good time to buy? I'm talking about house prices in London.
hyperthetically what would happen if house prices suddenly fallen? House price at the moment are very high in uk, but if they had suddenly fallen what would be the options for the house owners? What would also happen to people who are currently just buying houses one after the other. What are there options, is there do you think any effidence of house prices falling in the near future.
Are house prices expected to go higher or fall in the next year in montreal? And interest rates +/-? I would like to know if the prices and interest rates of houses are going to climb or fall over the next year? Is it a good time to buy a house now or in a year from now? Are interest rates going to climb or fall now , in one year from now, and 5 years from now?
Are house prices likely to fall or rise in the UK over the next 5 years? Will the recession get worse and unemployment get worse or are we passed the worst, and thing will pick up. Of course there is all the Debt the UK is in, but does the debt matter that much if everyone else is in debt.
Since more people LEAVE the UK than enter (even with EU expansion) how long will it take house prices to FALL? Supposedly the incoming migrants are pushing up prices, BUT this assumes net population is rising, IT IS NOT ! since more people are leaving for a new life in Spain, Australia etc. maybe they are renting their house but soon enough with high mortgages and the need to buy elsewhere they will have to sell and when many people sell, prices will fall, so the question is HOW LONG before this happens ?
Are house prices going to fall in the new year? We're moving from a semi to wait in rented for the ideal property (hopefully) a detached in the NW of England. From the answers so far, doesn't look like I can hope for a fall.
do you think house prices will fall further? i live in Brighton ,England and looking to bye a flat...do you think house prices will continue to fall, over next year,,?
Unless you are a property speculator/investor are falling house prices really as bad as the media make out? As a serious investor or speculator of anything, surely one of the first rules is to accept is values may fall. So does the average buyer, buying a HOME rather than a quick money maker have much to worry about if prices fall, for example 20%, across the board? To my mind the only ones who really suffer are the lenders. I don't have to borrow so much and as a result I pay them less interest. s'cuse the punctuation..... it's early.
Are Nashville house prices steady or falling? Nashville's house prices didn't go way up like lots of other places and people are moving here. I can't tell if prices are falling. Houses are selling in normal times in my neighborhood most of the time and there aren't many on the market. The slow selling houses are on the high traffic streets. So I don't know what to think. Are house prices falling in Nashville?
Do you think house prices will fall more? I am in oakland County MI.? I want to buy a house. I can't seem to find anything that meets all of my requirements that is with in my price range so I was wondering if you thought house prices will drop & if so, when? I live in Oakland Cty. MI. Even if they dropped by like 5-10 thousand that would help out.
Will house prices continue to fall more in New York? Have we seen the worst, or is the worst still ahead?
House prices? Is it the right time to buy, at the moment I am renting and in the process of buying a house at the value of £300,000 for cash, but with a looming recession house prices may fall as much as 20% with a potential loss of £60,000, what would you advice, pull out the purchase and wait or buy.
will house prices fall in england? i am looking to bye modest flat in Brighton England,,i will not need a mortgage ..should i wait and see if prices continue to fall,,
Will house prices now fall? So house prices have hit the roof in the past decade, but has had the tide turned? Will I be able to afford a house now??
To what extent will house prices fall and when will it stop? If a 3 bed house in south east london was ranging £70-90k in 2000 and at the end of 2008 were between £170-210 and now at about £150-160, what price do you think it will drop back down to and over what length of time in your opinion Thanks
Another big slide in the UK stock markets will this effect house prices even more? housing market here in northern Ireland have come to a halt, with interest rates having gone up, and house prices are set to take a tumble. with this slide in the stock markets could this make the housing market even worse. and if you can tell me have the house prices fallen in england , Scotland , and wales if so could you tell roughly by how much.
How come NJ house prices arent falling like the rest of the country? How come NJ house prices arent falling like the rest of the country? Will they ever? I want to buy a house, can buy a house, but am unsure because I dont want to buy and then my house value drops. Please provide information.
How do you know if house prices are going to fall or rise? I always see it in the news but don't understand how they know. How? I am 14. Is it with the FTSE?
Will house prices fall? I put an offer in for a 3 bed semi near wakefield but the offer of £120k was rejected. Given we are in a recession, was this acceptable? The area is reasonable, good schools, but house is near a moderately main road (not an A / B road or anything). It should be pointed out that 2 of the bedrooms are quite small. Though the house does have a reasonable consevatory and garden size. The kichen is relatively small
3.5 months into buying a flat should i continue or drop out due to falling house prices? i am close to buying my first property. its a leasehold flat in tenbury wells (west mids). i am growing very concerned with falling prices and dont want to but if im gona go straight into negative equity?? i should say that the area i live in has had no decreases in house prices and is a very desirable area to live in! i should also say that the flat we r buying is in the same very desirable area.
why are house prices ready to fall in the uk? how does the credit crunch situation related?
So why is it a bad thing that house prices are falling? I have to understand this for an economy class, and I don't really understand why it is bad if house prices are falling. How does it hurt the economy? Isn't it good for consumers?
Do house prices rise or fall when a train station is located nearby? Is there any evidence or studies on the long term effects on residential property prices when a new commuter trainline & /station is built within 1/2 a mile of your house? Links to specific evidence and/or relevant articles more likely to result in your answer being selected as the best. Found this extremely insightful report. http://www.uctc.net/papers/246.pdf
when will house prices fall ? uk midlands
Is it now inevitable that house prices will tumble here in the UK? Since newspapers have reported falling house prices in the US, Spain, Bulgaria and now 1.6% last month here in the UK is it now a self fulfilling prophecy and a massive 20% to 50% correction to our overpriced houses will come within the next couple of years?
Is this stock market fall going to crash house prices? Im in the process of buying and i keep being told the market is about to crash big time because of stock market in USA. Should i be worried?
House prices in London are falling dramatically. Is it time for me to ask for a discount at my rent? I have rented a 3 bedroom house for £1,100 a month but as far as I can see from the housing market forecast the prices are falling dramatically. Can I ask my landlord to discount the rent I am paying?
Why am i always hearing complaints about house prices going down? i am wondering why nearly every day i hear someone on the news talking about the housing Crisis and complaining about the falling house prices, i am stunned that people complain about houses becoming cheaper, i would of thought people would want them to be cheaper so that they could buy one, am i right in thinking that more people do not own houses than people that do? why are houses so expensive, is it because people buy them to invest in rather than buy them to live in?
Are the house prices falling in the uk? i'm now in a position to buy my first home. should i buy now or wait until the prices fall a little????
Who decides on house prices and their fluctuation? On the news it might say "house prices have fallen 2.7% in the last month" for example but who decides that house prices have fallen 2.7%, how did they come to that amount and why?
Why do people call others doom mongers for predicting a fall in house prices? A house is supposed to be a shelter for people to start a family and provide them with a place to call home. A fall in prices can only be good for these people who are just out to do the right thing. The only 'doom' is coming to those who thought they'd get rich quick off of residential property and those who treated their house like an ATM to spend on extravagances. Allen B: I know there are innocent people who will lose out in this, but, if houses had fallen sooner there would be a lot less victims of negative equity. Which also leads onto the fact that HOUSE PRICE CANNOT KEEP RISING FOREVER, if they did then in the future you will have people who have mortgages 100x their income or more. This is obviously impossible, so they have to fall sometime, and the sooner this happens the less innocent victims there will be in the future.
Are house prices in the UK going to fall and when? They keep going up beyond everybodies expectations. Surely this is un-sustainable? Does anyone know more about the trends and factors involved?
Do you think house prices in inner London will fall as much (or at all) as other parts of the UK? Recent reports in the FT suggest that as London is the UK's only global city, that prices will not be hit as hard as in the Midlands or North of England.
will the house prices go down in the near future? is there any experts in the housing market that expect the house prices to fall in the near future? i live in deeside wales and the wages are terrible round here. 18500 coming into our household . to buy a 2 up 2 down terrace round here is about 115000 theres no way we could get a mortgage for that much.
Will Global Warming and Falling House Prices Create A Temperate Bohemianism? Think about it. 1. Global Warming will make all states as warm and sunny as California. 2. Houses will fall to 80% of current value. That means people can work less and have more fun. Will it create a new class of Temperate Bohemians?
Why is the cost of living going up, but house prices coming down? Surely if everything is increasing in price eg Fuel, food and utilities, house prices should go in the same direction. I read today that house prices have fallen again by 4.4% , who decides?
I want to buy a house but Im noticing house prices are falling like crazy,l how long should I wait? Im thinking of october but should I wait longer? List your sources, where are you getting your info? Thanks!
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