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Catching a Falling Financial Knife

US and UK Soaring House Prices Bull Market Momentum - Video

Housing-Market / UK Housing Aug 27, 2013 - 05:32 AM GMT

By: Nadeem_Walayat

Housing-Market

Despite academic and mainstream press skepticism, US and UK house prices are literally starting to soar in response to government measures aimed at boosting housing market sentiment into sustainable bull market trajectories, that I expect could continue for the remainder of this decade.


Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2013 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of four ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series.that can be downloaded for Free.

The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Mr Maxi Psycho
28 Aug 13, 15:04
housing bubble

Just because something continues to rise doesn't mean its not a bubble and will eventually crash...

...also I think you far underestimate the significant of rising rates - forget the effect on housing - what about on government spending...

And you honestly think housing is going up 10% per year, with wages flat?? So as wealthy boomers retire, youngsters on zero hours contracts will be buying up houses at what insane multiple of their income?? (oh but, I forgot, sentiment is good, therefore housing goes higher??!?! Pull the other one)

Mr.Maxi.Psycho


Nadeem_Walayat
28 Aug 13, 16:05
Sentiment

Sentiment drives fundementals, all the way towards the euphoric bubble phase, when the mainstream press will be full of goldilocks commentary.

Best

NW


Mr Maxi Psycho
28 Aug 13, 16:06
Don't Really Agree

I don't really agree. (I realize this is a somewhat mainstream view but) The last bubble never burst. UK house prices remain historically overpriced relative to other assets, wages, the the (pesky) fundamentals of the UK economy. And this time its not popular either - much of the recent buying has been people that have held off since 2008, buying their own home. Once that trend is done I see very few buyers, except maybe high end immigrants looking for somewhere to park their cash.

...Economic history says bubbles can't be reflated once popped...

We'll see. Carney and Osbourne want benign increases of around 3-8% a year...they don't want 10-20% years. Stopping the HTB scheme or making lending requirements tougher would pull the rug from under this beast...

...and 1 more thing: if you were a rich russian for example and wanted to buy some housing, why would you chose the overpriced UK market over the US or the eurozone?? I wouldn't

Mr.Maxi.Psycho


Nadeem_Walayat
28 Aug 13, 17:06
Bull Market

Yes, a euphoric bubble is where the current bull market will terminate, as did the last, as I pointed out at the time early to mid 2007,

Best

NW


Parviz
31 Aug 13, 12:43
U.S. and U.K. soraing house prices

@Maxi:

No, you are clearly not a rich Russian; and

yes, they do prefer "the overpriced UK market over the US or the eurozone."

One reason is language (their first foreign language). Another reason is that London is the most cosmopolitan city in Europe. A 3rd reason is that many Europeans (especially the French) are downright snobby even towards French-speaking foreigners, so Russians would be miserable there!

To the ultra-rich London will always be London.


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