Latest: House Price Crash News

Sunday, May 31 2020 Add a News Blog Article

If you cant pay, the it should go on your credit file

BBC: Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The first banker to say, if you can't pay it should go in your credit file. Banks need to know your are not a good and liquid borrower.

Posted by deepak @ 07:12 PM 0 Comments

Last throw of the dice

Moneywise: Interest rates could go sub-zero: how would this affect mortgages and savings?

This effectively would be paying off peoples mortgages for free. I'm a bit surprised that there hasn't already been a revolt amongst savers. I have lost count of the number letters I have received saying my savings rates have been reduced to figures like 0.05%

Posted by tenyearstogetmymoneyback @ 03:45 PM 6 Comments

Why bother give it for free

BBC: Mortgage payment holiday extended for further three months

Well is people ever bothered to pay for what they buy, the wouldn't buy at the stupid prices they agree to in the first place.

Posted by deepak @ 09:24 PM 2 Comments

Most who lost jobs are at the lowest pay grade

BBC: US workers seeking jobless aid near 40 million

Interesting to see how the growth in house prices as I put in a couple of days ago adds up here. As people are lining up for food banks, some people think house prices are going to go up

Posted by deepak @ 09:26 PM 0 Comments

38060 transactions in April

BBC: Coronavirus: UK property sales hit record low in April

There is no information about the value at what these are traded. One thing I learn't in my stats class, if the numbers are not big enough and transactions are at margin the value / price is not valid. But that is something that the housing index providers will never tell you. Even if one house of sold at the high price they will quote all of them at high price. That is how they remain in business.

Posted by deepak @ 09:14 PM 0 Comments

The bottom is now, with a tick mark shape recovery with 10% MOM growth

Yahoo Finance: Delinquent mortgages spike in April amid pandemic, study shows

I do understand this is for US market, with over 30 million people loosing their jobs, I'm not sure who are buying this homes at an increasing prices? How these numbers can even be arrived at. Would people in difficulty not try to sell to whatever they can get and move on. During the 2008 crisis everything was so leveraged that when only few people started to fail the dominoes started to unravel very quickly. Now the debt level are even higher in the system, not sure how this is even possible?

Posted by deepak @ 10:40 PM 0 Comments

Ability to pay has nothing to do with getting a loan

BBC: Can I get a mortgage if I'm only on 80% pay?

Remember NINJA loans, you don't need any income or assets to get a loan. 80% income is still too much as long as you want to buy at an inflated price to keep the house prices up, we got the money. When you can't pay then there can be forbearance and its the banks fault to lend to you rather than your greed. If all fails, others will bail out the banks for lending to you. And the economy continues.....

Posted by deepak @ 11:24 AM 6 Comments

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House Price Statistics - UK National

Source website Period covered Average house price Monthly change (%) Annual change (%) Archive / Graph Peak average house price Change since peak (%) Official releases
LSL Property Services & Acadametrics (England and Wales) Jun 18 £303,960 0.20 2.10 Cross£305,654
(May 18)
0.5516/07/2018 (PDF)
Halifax House Price Index Jun 18 £225,654 0.30 1.80 Tick£227,871
(Mar 18)
0.9706/07/2018 (PDF)
Home.co.uk (England and Wales) Jul 18 £310,577 0.10 1.30 Cross N/A N/A 12/07/2018 (PDF)
Hometrack - Monthly National Survey May 18 £217,400 0.00 4.30 Cross N/A N/A 29/06/2018
Land Registry Monthly Report Apr 18 £226,906 1.20 3.90 TickThis monthN/A13/06/2018 (PDF)
Nationwide House Price Index Jun 18 £215,444 0.50 2.00 TickThis monthN/A01/06/2018 (PDF)
Rightmove House Price Index July 18 £309,191 0.10 1.40 Tick£317,281
(May 17)
2.5516/07/2018 (PDF)

House Price Statistics - Greater London

Source website Period covered Average
house price
Monthly
change (%)
Quarterly
change (%)
Annual change
(%)
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Land Registry Monthly Report Apr 18 £484,584 2.40 N/A 1.00 Tick£530,409
(Jan 16)
8.6413/06/2018 (PDF)
Nationwide House Price Index Q2 18 £468,845 N/A 2.30 1.90 Cross£478,782
(Q1 17)
2.0801/06/2018 (PDF)
Rightmove House Price Index July 18 £628,458 0.50 N/A 1.70 Tick£649,864
(May 17)
3.2916/07/2018 (PDF)

Archive of old house price surveys

House Price Predictions

If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.

This table is now sorted by the date that the prediction was made.

Source website Analyst Photo Date prediction made Amount predicted Region Time Period Evidence Notes
National Housing FederationDavid OrrPhoto of David OrrDec 2013 35%UK2013-2020Tick
House prices will increase by another 35% by 2020, leaving a huge swathe of the population locked out of home ownership for life.

Predictions archive