"Housing turnover hits lowest in 40 years!!!"

"Hometrack says 840,000 sales are expected this year – almost 50% lower than the figure for 2007. Its latest housing survey showed prices fell by 0.2% in November from the previous month, following another 0.2% tumble in October.

Prices are down by 2.3% year on year and have fallen every month since July 2010, apart from April this year when the market was flat with no change recorded.

Hometrack said prices were being propped up by people's reluctance to put their homes up for sale, creating a scarcity of supply."

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from oxfordhomesdirect.blogspot.com by Simon Bayliss

Will our soon to be nation of renters be prevented by a £400million cash injection??

In a bid to stimulate a housing market which David Cameron summed up as one in which "lenders won't lend, builders can't build and buyers can't buy", the Government is looking to inject £400million into house-building in order to try and free up mortgage finance for first-time buyers.

The plans haven't had the warmest response, with critics arguing that it simply isn't enough to jump-start the market and prevent us from becoming a nation of renters.

"The only winners in this new initiative are the insurance industry, mortgage lenders, estate agents and sellers," says Angus Hanton, the co-founder of think tank Intergenerational Foundation. "Younger generations will still have to prop up an overpriced market where prices should be falling, an overpriced mortgage industry where charges should be falling while underwriting the debt. The fact remains the older generation is over-consuming housing."


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Who is charging $75,000 a month for their luxury beach house?

Pamela Anderson's luxury Malibu beach pad has just hit the rental market in the US, but sadly not at a cheap price!!
The mother of two has set the price for her 'Romantic Malibu Beach House' for an eye-watering $75,000 per month.
The former Baywatch beauty says she is listing the three-bedroom, two-and-a-half bathroom home because she no longer spends that much time in California.


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Lending reaches its peak since 2008 as buy-to-let loans increase by 16%...

Over the past few months, buy-to-let lending has increased by 16% between July and September, after the sudden pick-up of buy-to-let lending over the three months prior to that.

The data was released by the Council of Mortgage Lenders and revealed that in the three months leading up to September, 34,500 buy-to-let loans were advanced – a vast increase from the 29,700 that was recorded in the quarter prior to this one.

 

The value of mortgages was also recorded over the same three month period and the results showed that mortgages have grown from £3.2billion to £3.8billion, totalling a 19% increase.

 

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Up for auction: Michael Jackson's mansion including his deathbead......

In a world where celebrity gossip is thrown around carelessly and personal space and privacy seem like a distant memory to many who fall under the category of being 'famous', Michael Jackson's death bed is one item among many belong to the singer to go up for auction.

The items for sale are from the California mansion where Jackson spent his final days that are to go up for auction in the coming months.

The items include antique furnishings, bespoke and unique paintings as well as lavish items that surrounded the King of Pop. 

The auction is to take place in Los Angeles on December 17th.

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Jennifer Aniston buys a new luxury home in New York worth $9million!!

Ever since she sold her Los Angeles mansion for $38million Jennifer Aniston has been on some what of a buying spree. 

Her most recent purchase will of course spark pregnancy rumours as photos of the amazing apartment reveal that it has two nurseries.

Earlier in the year Aniston had purchased two homes in the West Villiage in New York. 

In April, the Horrible Bosses actress purchased both the 17th and 18th floors of an apartment building in Manhattan for over $7m.
Following that, in August, Jennifer and boyfriend Justin Theroux moved into a two-bedroom home that cost $2.1m.

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Stress of buying and selling can age you!!

A recent study, commissioned by online conveyancing service In-Deed has revealed that over two-thirds of those surveyed by psychologists reported feelings of premature ageing of between 2-4 years over the average 15-week period to complete a housing transaction.

The report also revealed that one in five people went off sex, while other common side effects include hair loss (10%) and short-term memory failure (14%) which lasted until the house was signed off.

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