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About LinkBacksA leading property website says the balance of power in the housing market has shifted from the seller to the buyer.
Story here
A leading property website says the balance of power in the housing market has shifted from the seller to the buyer.
Story here
One of the moderators on here really wrecks my head with his/her power mad ego
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Bring it on. I love carnage
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Well I Think we are all aware that this was happening, and its good to have it confirmed by a company who is in the sector.
By 2020, 12.75Lts of petrol will cost you just under €30, today it will cost you €16.42 exactly.
Good to see. Another 10% 20% in the next few years (relative to inflation) would not be inconceivable with prices floundering as lending criteria remains more demanding.
No, not at all. Quite sensible, I would have thought.Daft: House prices down 10% last year
We can't solve problems by using the same kind of thinking we used when creating them
wasnt another comentator saying the markets down 15% sometime in december?
cant remember which company or group now. daft have been spot on in this regards for near six months now so theyve a good rep for reporting things as they are as opposed to talking up the market like other people involved in the housing market.
this can only be good news for home buyers. and i stress that, HOME buyers , as opposed to investers. we all have to live somewhere if we want to raise a family so anything that helps people like that out is a good thing to me. with a bit of luck the insanity thats plagued the property market will die out.
The one's to watch are the Michael Lynn properties currently being sold by the banks. 25 Carnew Street is one. They were mentioned in yesterday's papers. See what price the banks have to go to to sell these.
Daft only monitor asking prices? Not really representative seeing as none of those properties are selling at those prices now. They are hugely discounted whereas previously asking price would not guarantee.
The future saviour of the Irish Economy:
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I heard this morning that they looked at closing prices.Originally Posted by HanleyS
They said asking prices remained static, but the selling prices fell.
That answers that. Thanks.
The future saviour of the Irish Economy:
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Fortune magazine today reports the following...sign of things to come in Ireland??
NEW YORK (Fortune) -- Faced with foreclosure on her Russellville, Indiana home, Christina Snyder allegedly concocted the kind of plan that now has insurance executives on edge.
According to the county prosecutor, the 31-year-old Snyder allegedly offered to pay a neighbor $5,000 to help her burn down her house and make it look like a botched rape attempt - all in order to claim $80,000 in insurance money. Snyder wanted the neighbor to bind her hands in duct tape, write "whore" on her shirt, and then help her escape once the blaze was set, the prosecutor says. The neighbor demurred, instead reporting Snyder to police.
With the national foreclosure rate zooming and the real estate market in a two-year funk, the insurance industry fears more homeowners will see arson as a way out of their financial woes. A recent report by the industry-funded Coalition Against Insurance Fraud notes that with "untold thousands of homeowners struggling with ballooning subprime mortgage payments, fraud fighters are watching closely for a spike in arsons by desperate homeowners who can no longer afford their home payments."
History indicates such a spike is coming. "When the economy is down, we see an increase in fraud," says Dennis Schulkins, a claim consultant in State Farm's Special Investigative Unit.
It may already be happening. Allstate (ALL, Fortune 500) spokesman Mike Siemienas says his company has seen an increase nationally in arsons among homes in foreclosure. In California, the state¹s insurance division reports that the number of questionable residential fires in 2007 increased 76 percent over 2006.
National arson statistics for 2007 aren't yet available, but Federal Bureau of Investigation crime data shows there was a significant uptick - 4 percent - in suburban arson in 2006, when the real estate downtown began to take hold. The arson increase in 2006 marked a change from the prior three years when suburban arson fell 3 percent, 5 percent and 6 percent, respectively. Says Dennis Jay, the Coalition Against Insurance Fraud's executive director, "It's a growing problem."
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