Christopher said the probability of further price falls had climbed above 60 per cent, and expected a rise in forced sales activity towards the end of the year.
“I think the key to that will be what happens in the employment sector. Most lenders can deal with stress if the borrower is still employed.”“Some of the gains … would have been based on [the expectation of] interest rates going down by the end of the year, and that’s obviously not the case.” “People don’t wait until the bank is repossessing their home, so those distressed sales come onto the market [like normal and] short of interviewing them for the reason why, it can be hard to identify those distressed sales.”
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