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!EURO!, on 19 February 2012 - 09:55 PM, said:
Are these mom then?
Yes ... http://www.forexfact...hp#chart=40583.
Rightmove Asking Price Index Out Tomorrow (Mon)
Hard to call
Rate Topic:
#16
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Posted 19 February 2012 - 10:54 PM
Yes ... http://www.forexfact...hp#chart=40583.
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#17
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Posted 19 February 2012 - 11:24 PM
Over on MSE they are reporting arise of +4.1%
Quote
Average Property Asking Price £233,252 £224,060 Change in Month +4.1% -0.8%% Change in Past Year +1.4% +0.4%M·
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#18
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Posted 19 February 2012 - 11:41 PM
timebandit, on 19 February 2012 - 11:24 PM, said:
Over on MSE they are reporting arise of +4.1%
"Joy for Home Owners; Prices to Soar by 48% in 2012."
Osborne says; “Printing money is the last resort of desperate governments when all other policies have failed.”
George Osborne December 2008; “Savers and pensioners are the forgotten victims … They are innocent bystanders and it’s simply not good enough for the Government to walk on by."
In his 1997 Budget speech, Gordon Brown said, "I will not allow house prices to get out of control and put at risk the sustainability of the future". He went on to say that he did not want a return to "instability, speculation and negative equity" of the 1980's and 1990's.
George Osborne December 2008; “Savers and pensioners are the forgotten victims … They are innocent bystanders and it’s simply not good enough for the Government to walk on by."
In his 1997 Budget speech, Gordon Brown said, "I will not allow house prices to get out of control and put at risk the sustainability of the future". He went on to say that he did not want a return to "instability, speculation and negative equity" of the 1980's and 1990's.
#19
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Posted 19 February 2012 - 11:51 PM
satch, on 19 February 2012 - 11:41 PM, said:
"Joy for Home Owners; Prices to Soar by 48% in 2012."
We now need to wait for a mathematical genius to tell us that is, in fact, incorrect.
it is, until it isn't tm
#20
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Posted 19 February 2012 - 11:54 PM
!EURO!, on 19 February 2012 - 11:51 PM, said:
We now need to wait for a mathematical genius to tell us that is, in fact, incorrect.
It will be in the Daily Excess. 4 x 12 = 48. In fact it may be more with the compounding of the 4%, Get with the program, we are all saved.
Osborne says; “Printing money is the last resort of desperate governments when all other policies have failed.”
George Osborne December 2008; “Savers and pensioners are the forgotten victims … They are innocent bystanders and it’s simply not good enough for the Government to walk on by."
In his 1997 Budget speech, Gordon Brown said, "I will not allow house prices to get out of control and put at risk the sustainability of the future". He went on to say that he did not want a return to "instability, speculation and negative equity" of the 1980's and 1990's.
George Osborne December 2008; “Savers and pensioners are the forgotten victims … They are innocent bystanders and it’s simply not good enough for the Government to walk on by."
In his 1997 Budget speech, Gordon Brown said, "I will not allow house prices to get out of control and put at risk the sustainability of the future". He went on to say that he did not want a return to "instability, speculation and negative equity" of the 1980's and 1990's.
#21
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Posted 20 February 2012 - 02:56 AM
timebandit, on 19 February 2012 - 11:24 PM, said:
Over on MSE they are reporting arise of +4.1%
Correct
2012 Predictions - made January 1st 2012
- Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
- BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
- Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09
#22
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Posted 20 February 2012 - 07:25 AM
Asking prices may be skewed upwards by people such as a vendor on RM who is trying to sell an utter dump for £199K that the vendor he bought it from had struggled a year to shift at £160K in 2010/11
These optimists will impact the index.
It's the eventual selling price that matters
In late Jan I saw a lot of asking prices fall anyway after they tried it on, or tried to skew the RM index - let's not forget that some idiotic agents don't realise they are shooting themselves in the foot by talking the market and vendors' expectations up on their forums and Industry mags
These optimists will impact the index.
It's the eventual selling price that matters
In late Jan I saw a lot of asking prices fall anyway after they tried it on, or tried to skew the RM index - let's not forget that some idiotic agents don't realise they are shooting themselves in the foot by talking the market and vendors' expectations up on their forums and Industry mags
#23
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Posted 20 February 2012 - 07:39 AM
Interestingly though, London prime areas are nowhere near as positive with K&C at -1.9 and Camden at +0.2 mom.
#24
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Posted 20 February 2012 - 07:52 AM
LOL, I was going to go for a "greed is good" guess of 5%
The market seems slightly bonkers, there are some things out there at a "reasonable" price, then I find two identical houses next door to each other with a 60K difference.
The market seems slightly bonkers, there are some things out there at a "reasonable" price, then I find two identical houses next door to each other with a 60K difference.
#25
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Posted 20 February 2012 - 09:26 AM
Good to see home owners sticking together and not letting the lack of sales intimidate them. Another few weeks of this and people will be forced to buy. Sibley would be proud.
#26
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Posted 20 February 2012 - 09:39 AM
In November it was record drops http://www.thisismon...-recession.html
Now it's record rises, highest in 10 years http://online.wsj.co...219-705182.html
It's laughable really, smells a tad fishy
It is supposedly NEW to the market sellers' asking prices
Now it's record rises, highest in 10 years http://online.wsj.co...219-705182.html
It's laughable really, smells a tad fishy
It is supposedly NEW to the market sellers' asking prices
Quote
Prices rose in all regions covered by the survey, the largest was a 6.9% rise in south-east England, followed by a 5.6% increase in northern England over the same period.
#27
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Posted 20 February 2012 - 09:40 AM
strawbear, on 19 February 2012 - 11:33 PM, said:
Trouble is it only takes a few people with unlimited ready cash to believe this and houses start to move at more than their true value.
Fixed.
It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.
In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.
My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.
In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.
My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.
#28
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Posted 20 February 2012 - 09:41 AM
ianbe, on 19 February 2012 - 09:29 PM, said:
Thanks for digging those numbers up. Illustrates beautifully the complete nonsense that is the Rightmove index.
Notice how the biggest monthly rises have occurred post 07.
A totally deluded and utterly pointless index that doesn't correlate with final selling prices in any way.
Notice how the biggest monthly rises have occurred post 07.
A totally deluded and utterly pointless index that doesn't correlate with final selling prices in any way.
I still feel RM index is Ok.. just shows the mentality of sellers !! (apart from that, pure crap)
HousePrice Charts - http://www.diaryfoli...-prices-graphs/
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Posted 20 February 2012 - 09:57 AM
The Masked Tulip, on 19 February 2012 - 10:26 PM, said:
It will be up. The media will latch on to it in a frenzy, as will EAs. It is all meanginless. Banks are lending less and the housing market appears caught up in spin and hype.
The WSJ article says more banks are lending 90%
I do hope that even if that is true, the overall lending figure is down - the last thing we need is more QE and credit-fuelled HPI, especially as when the home buyers lose their jobs or find they can't comfortably afford to repay it seems to be Johnny Taxpayer and the beaten up savers rescuing them
#30
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Posted 20 February 2012 - 10:21 AM
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The 4.1% month-on-month increase took the typical asking price of a home on the market to £233,252, according to the property website Rightmove.co.uk.
http://news.sky.com/...rticle/16173390
It's still gutting. ******* low interest rates, SMI, QE and not enough properties on the market.
And no relief on HPC with still too many people feeling sorry for those who bought, instead of being concerned about their own selves.