Without new buyers coming into the market, it will be interesting to see what house prices do the rest of the year. Individual sellers are always reluctant to lower their asking price. They believe higher prices are always just around the corner. Builders and developers are quicker to cut prices so they can liquidate inventory. More on housing below, with plenty of reader mail.
July 4th, 2008 | Dan Denning | 5 comments | Continued Our DR Global Editions: 
Friday, December 05th, 2008
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The Markets
All Ordinaries Id 3447.40 -20.70
S & P/asx 200 3511.50 -20.90
Nzx 50 Index Gros 2732.24 +1.56
DJIA 8376.24 -215.45
NASDAQ 1445.56 -46.82
S&P 500 845.22 -25.52
Ftse 100 4163.61 -6.35
2008-12-05 20:18 Most Comments
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
Mireille | 5Dec08 | More -
"There is no shame in going bankrupt. There is only shame in being owed money by a bankrupt": ...
Coffee Addict | 4Dec08 | More -
Chris (if you read this) T.Boone's book may make an interesting Christmas pressie. Clearly, LNG and LPG will ...
Coffee Addict | 4Dec08 | More -
Well, first we have to realise that the boom cycle is very long, eg the last one in US lasted ...
Kanwaldeep | 4Dec08 | More -
From everything I understand Hal gold has been artificially devalued and the final control mechanism to be used will be ...
Drew | 4Dec08 | More -
Don't hold back now,say what you really think.
Dennis | 4Dec08 | More -
Nothing to get too worked up about regarding commercial real estate. I suspect the "bears" will drag out the usual ...
Greg Atkinson | 4Dec08 | More -
So now these sick bastards are buying their own bonds to force down the yields. No wonder the Chinese Sovereign ...
GaryB | 4Dec08 | More -
The cause of all of this in one short phrase:
A corrupt legal system.
Jon Bain | 4Dec08 | More -
Maybe investment in shares in the companies that make the ink and paper and of course the spares, for the ...
Charles Norville | 4Dec08 | More
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At this point, who gives a s---. They've messed up everything. if money destroys itself, people will still ...
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