Brickonomics

Future traders think the tide has turned for house prices

The futures market is now pricing in strong growth in the housing market, with the Halifax index priced to rise by 6% over the coming 12 months and by 12% over 5 years. This is a marked rise in the...

Posted by Brian on October 8, 2009 9:11 AM

"House price falls are over" say futures traders

House price falls are over. That is the declaration made over the past two months by the futures market after two years of grim expectations. As recently as last December you could forward buy a notional average house three years...

Posted by Brian on September 14, 2009 8:53 AM

And the good news is...

The uber-bearish traders in house price futures appear to have softened their view on the depth of the slump in house prices quite markedly over the past month or so. At the turn of the year you could have bought...

Posted by Brian on June 11, 2009 2:17 PM

Traders see a brighter future for house prices - but still expect a further 17% drop

Follow the money they say. Well the money punted in the futures market suggests that average house prices still have at least 17% to fall. That puts the peak-to-trough drop at more than a third. But the good news for...

Posted by Brian on May 14, 2009 9:01 AM

House price futures on the rise

It has been a good spring so far for house builders in terms of sentiment if not in terms of actual sales. This is in sharp contrast to last year when market devastation created more ashen-faced residential developers than you...

Posted by Brian on April 9, 2009 10:21 AM