Archive for September, 2008

CIF – No news is bad news

Posted: September 8, 2008 in Uncategorized

The CIF through it’s Homefacts.ie has claimed that nothing newsworthy at all has happened in the Irish housing market since June of this year.

The last entry on the “Latest housing news” section of it’s website shows a link to a June 17th Irish independent story “House prices to rise by next summer”.

The lack of housing related news comes as a surprise to devoted followers of Homefacts.ie who rely on the site to keep them up to date with goings on in Ireland’s property market.

The media has been full of stories of developers slashing prices, offering loans, and handing out plasma tvs, but there’s no mention of this on the CIF run website.

The government is moving it’s budget forward, and apparently spending weekends “talking to” the CIF, but again no news of these events can be found on HomeFacts.ie

The site claims that the numbers at work in the 25 to 34 age bracket is increasing at a rate of 6.5% per year, but makes no mention of the 40% increase in unemployment this year. One would imagine that one of the highest jumps in unemployment in the history of the state would be considered “News”.

It’s almost like they only want to include stories that suggest prices might rise, and they wish to completely ignore any story that suggests there may be trouble ahead for the economy or the housing market.

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