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Housing Market

Posted November 25th, 2008 by Rachel

The housing Market seems to be a massive talking point at the moment. There is talk of repossession, equity release, interest rates and housing sales figures. Everyone seems to be obsessed by the value of their house, whether it is going up or down and what it will be worth in the future. What people seem to forget is that house prices are relative. That means that they all tend to rise and fall at the same time (obviously with some exceptions). This means that if the value of your house goes up then so will everyone elses and if the value goes down so will the rest. So if you are thinking of selling, you may get more or less fo rthe house than you are expecting but that change in price is likely to also be reflected in the price of the property you buy.