[SeeYouNextTuesday]

Venger, on 20 February 2012 - 10:21 AM, said:

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.

Surprised its only 4% after seeing the houses come on the market locally. Completely detached from reality. House put on a week ago 20% over too high 2010 price getting multiple viewings already. Unbelievable.

[SeeYouNextTuesday]

How is tbe delusion index looking?

[inflating]

In July, the BBC asked WTF Are House Prices Not Falling?
http://www.bbc.co.uk...siness-14020457

[libspero]

SeeYouNextTuesday, on 20 February 2012 - 10:30 AM, said:

How is tbe delusion index looking?

Only available up to Jan as the Nationwide data lags the RM data so if the figure is 5 odd percent this month the delusion index won't show it until the NW data is released.
**Usual caveats apply



** Caveats: due to each index making up their own definitions of "average" (geometric/arithmetic etc) as they go along this data is qualitative not quantitative and should be used for comparison/correlation purposes only.

[OzzMosiz]

My next door neighbour put his place up for sale 8 weeks ago. It went sold 4 weeks later and now it's completed as he's gone.
Few others sold too on the street, so it looks quite buoyant where I am (Swindon)

[SeeYouNextTuesday]

libspero, on 20 February 2012 - 11:16 AM, said:

Only available up to Jan as the Nationwide data lags the RM data so if the figure is 5 odd percent this month the delusion index won't show it until the NW data is released.
**Usual caveats apply

Expect another sharp increase in delusion ont he back of this.

[inflating]

OzzMosiz, on 20 February 2012 - 12:05 PM, said:

My next door neighbour put his place up for sale 8 weeks ago. It went sold 4 weeks later and now it's completed as he's gone.
Few others sold too on the street, so it looks quite buoyant where I am (Swindon)

Good price?

Not far from where I am, someone put a 4-bed detached bungalow on (Blenheim Chase, SS9, AP £250K) and it seems to have sold in 2 days, but the asking price was fairly realistic for these days, although what the price for that property was in 2005 I don't know. If they're realistic then yes they will sell fast I guess

http://www.nethousep...earchPostcode=1

[sign_of_the_times]

OzzMosiz, on 20 February 2012 - 12:05 PM, said:

My next door neighbour put his place up for sale 8 weeks ago. It went sold 4 weeks later and now it's completed as he's gone.
Few others sold too on the street, so it looks quite buoyant where I am (Swindon)

Sale to completion in 4 weeks? Pull the other one......

I liked it when Miles used to post on here, or 'Zorn' as he was known back then

[Wig]

OzzMosiz, on 20 February 2012 - 12:05 PM, said:

My next door neighbour put his place up for sale 8 weeks ago. It went sold 4 weeks later and now it's completed as he's gone.
Few others sold too on the street, so it looks quite buoyant where I am (Swindon)

Which area was this in? I watch the Swindon market closely (via rightmove) so am interested which EA "sold" actually converted to a real life "sold"

give us a clue I'll guess it in 3

[maffo in oxford]

Express headline tomorrow: "HOUSE PRICES SOAR"

[Guest_James Toney_*]

maffo in oxford, on 20 February 2012 - 05:17 PM, said:

Express headline tomorrow: "HOUSE PRICES SOAR"

yes can see it now,

with also about how great it is and at last the housing market has recoverd, and good news all round,

quick buy now before it's too late, you know it makes sense

[Pent Up]

inflating, on 20 February 2012 - 09:39 AM, said:

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

Because this index isn't seasonally adjusted it swings quite widely with the seasons. But overall it has pretty much not moved since peak. Sold prices have fallen but asking prices are as high as ever. Partly due to the majority of sellers actually never selling and giving up, partly because a lot of houses go through several reductions and partly because bigger discounts off the asking price are going through.

All in all this index is a total waste of time other than advertising for rightmove each month.

This post has been edited by Pent Up: 20 February 2012 - 06:44 PM

[satch]

Pent Up, on 20 February 2012 - 06:33 PM, said:

Because this index isn't seasonally adjusted it swings quite widely with the seasons. But overall it has pretty much not moved since peak. Sold prices have fallen but asking prices are as high as ever. Partly due to the majority of sellers actually never selling and giving up, partly because a lot of houses go through several reductions and partly because bigger discounts off the asking price are going through.

All in all this index is a total waste of time other than advertising for rightmove each month.

Agree, it is an INITIAL asking price; eg 450k (appears in the index in June), down to 399k, down to 350k, down to 325k in September .... still available in February and still over priced (30% reduction from initial asking price and no sale after five more months, not even an SSTC but contributed to the 'rise' in asking prices last June.

[inflating]

Pent Up, on 20 February 2012 - 06:33 PM, said:

Because this index isn't seasonally adjusted it swings quite widely with the seasons. But overall it has pretty much not moved since peak. Sold prices have fallen but asking prices are as high as ever. Partly due to the majority of sellers actually never selling and giving up, partly because a lot of houses go through several reductions and partly because bigger discounts off the asking price are going through.

All in all this index is a total waste of time other than advertising for rightmove each month.

I did actually see some come new to market a few months ago at humorous prices, but quite a few of them were soon down in price to nearer Earth once they saw they didn't even get one viewer in the door, probably. Come to think of it, I see new to market properties in my Inbox daily at prices that seem very ambitious, but I think they're wasting everybody's time

[OzzMosiz]

inflating, on 20 February 2012 - 01:16 PM, said:

Good price?

Not far from where I am, someone put a 4-bed detached bungalow on (Blenheim Chase, SS9, AP £250K) and it seems to have sold in 2 days, but the asking price was fairly realistic for these days, although what the price for that property was in 2005 I don't know. If they're realistic then yes they will sell fast I guess

http://www.nethousep...earchPostcode=1

It was above the price I paid 27 months ago, so chuffed with that, but yes wasn't mentally priced.