WHERE IS THE MARKET GOING?

There are some so called experts out there, predicting that there may be a double bounce on the drop of house prices and that the credit crunch has not left us. I think you would all agree with me that the word recession and credit crunch are heard less frequently than they were a year ago. As a result of this I find such predictions to be absolutely unjustifiable and nothing short of ridiculous. For example, it has recently been reported that house prices have slightly risen as a result of the shortage of supply of property coming onto the market, and that at the same time homes for sale are at a two year low. All market indications in my opinion are that the market is presently steadying before slight growth next year. My prediction of a market recovery will come when greater confidence returns to the mortgage market. The UK mortgage approvals have recently suffered a surprise drop which is inevitable when a general election is around the corner and there is no confidence in the existing Government. We just need to be patient!