We pick up the paper & switch on the news to find the experts telling us that, all is not rosy again in our beloved housing market. That house prices are hanging in the balance and showing a drop of 0.5%.
Depending on what you read or who you listen to will depend on what version you will get as to the reasons and predictions. The only thing they seem to agree on is that it is doom & gloom. This collective negativity they portray only hinders the market recovery as it instills an uncertainty & fear into potential home buyers and mortgage lenders. Lets be positive and look on the bright side. If you are a buyer then things are looking good. Great time for haggling that price down. Until people accept that their homes are only worth what a buyer is prepared to pay, the sooner the market will move forward. I know this is hard for some home owners that have found themselves in negative equity and my heart goes out to them. It was not that long ago that property was seen as a sure investment. The banks are the offenders there and were supposedly the experts when lending the money in the first place. Surely they have to take some of the blame for the thousands of home owners that now find themselves in a negative position.
Yes, its going to be a while until we see a stable balance in the market but whilst we are waiting, lets look to the future and smile for a change and maybe, just maybe, the next time we switch on the news or read the paper, their maybe something to increase our confidence in the housing market again.
