2nd house price crash beginning?

[Brollyflower]

Apologies if I've missed a thread already here about this, but I couldn't see one.

According to Halifax, house prices fell by the largest amount in a single month since 1983 in Sept 2010. They're saying that house prices remain higher than a year ago, but that's using a 3 month figure. Sept 2010 prices are lower than Sept 2009. The figures for Sept 2010 are before any of these spending cuts were announced this week, and we know there's worse to come when the full announcements come on 20th Oct, which will no doubt lead to lots of public sector reduncancies.

It's all cheery right now isn't it... .

Apparently Nationwide figures were 3% up. Go figure

Good news for those wanting to buy, not so good for those 'stuck' but there are always winners and losers in these things.

We have a mortgaged house but hope the prices fall back to a reasonable income multiplier for the sake of the next generation.

Good grief -3.6% in a month!

DON'T

LOOK

DOWN!

We have never been able to buy and I have rented for years. We save and save but still have nowhere near enough for a decent deposit.

For people in our position house prices lowering is a good thing.