Just who in real estate can we trust?

Some corners of the industry are claiming that news of a recovery in the market have come along much to soon. Recent news has reported that the house prices are set to rise for yet another month, and the banks are ok-ing more mortgages. But another report have arrived, which is suggesting that all that is over optimism. These numbers are claiming that prices are going to fall much more in the coming months.

Apparently the new mortgage plan from Lloyds, which is being aimed at first time buyers isnt going to trigger the recovery in the sector that the bank want it to. The mortgage allows savings of a relative or friend count towards a deposit which is needed to secure the loan. The only catch is that if the loan hasnt fallen from 95% of the homes value to 90 in the first three yers Lloyds will hold onto the relatives money until that number is reached.

People in the industry are saying that it is much too soon to even be thinking about recovery in the industry over housing prices, and we could as much as 10% coming off in the comin months. Just who do we believe in this situation here? Recently we were told that the sector was recovering, but then the next prices are going to fall even more. We need to keep an open mind over these reports and take the advice with a grain of salt. Listen out for whatever news is coming out, but dont take it as gospel seeing as no one is in agreement about everything. Remember, were still in a recession, a time where no ones job is exactly safe, so we are all watching where our money goes. Its seems the sensible thing to do is see where the sector goes from here.

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