nightjar nightjar@ wrote:
"JK" wrote in message ...
...

However, it looks like it's turning into a buyer's marker, so perhaps you
should be focusing on your purchaser and worrying less about finding
somewhere - if prices take a tumble then you will see a lot more on the
market all of a sudden.


All that is happening now is that prices are not increasing as dramatically
as they have been over the past few years, but are levelling out. There is
no reason to expect that prices will start to fall at all, much less that
they will tumble. When prices did drop suddenly last time, houses tended to
be less available at first, because people did not want to sell at a loss.
It was only as people had to sell and prices stayed low, that the number of
properties on the market rose, mainly because buyers with negative equity
could not afford to buy.

This is certainly a subject that has been and will be done to death. I
was pondering the prospect of a fall in the shower this morning, and I
suspect you're right, as rates are still very low historically and
there's always a slowdown in the colder months. But there are other
factors that could make a difference -for example there are a lot of
investment properties that could suddenly go on the market. Having just
bought a bigger place, I certainly hope there isn't too much of a fall!