rantnrave

Apparently their printer was out of paper...

I came across Laim Fox's article - in print so no link, sorry - calling for investigations into the BoE over not seeing the current inflation on the horizon. It's a better read than I thought - he draws a clear comparison with central banks which have not recently engaged in QE (Switzerland, China and Japan) and are reporting current inflation at around 2%.

Any other MSM doubling down on property price woes, or just the Telegraph?

So those who aren't getting bonuses from their employment in the finance sector are experiencing a real wage cut of around 5%... Ouch.

Another reason for the BoE to see-through rising food prices?

They are reporting on the latest RICS numbers...

And in other news... https://propertyindustryeye.com/little-evidence-of-house-price-growth-slowing-at-least-not-yet/

Because house prices aren't included in inflation figures

https://propertyindustryeye.com/average-two-year-mortgage-surpass-3-for-first-time-in-over-seven-years/

Coventry upping rates on my Easy Access saver to 1.4% in a few weeks. The prediction here that the Chase account 1.5% offering would come under pressure soon appears to be coming true.

Some actual numbers here: https://propertyindustryeye.com/record-number-of-offers-accepted-as-sellers-sense-housing-market-slowdown/

Let's hope so. When supply is low, it's not just about limited choice. Fighting for stock means EAs fall over each other to overvalue properties in order to get something on their books.

Alternative explanation here: https://propertyindustryeye.com/rightmove-shares-tumble-after-ceo-resignation/

I spotted a local EA which was a major offender of this - marking properties as 'newly reduced' when they were exactly the same price - just to get them bumped up listings. When I rang them up to query it, they denied everything - even when I asked them what the previous price was. I reported them directly to RM, who replied within 48 hours and said they would look into it. They contacted me a week later to say their investigations had concluded... and I was indeed right. They had therefore spoken directly with company's owner and reminded him of the standards Rightmove expects (!?!). He was apparently told that any more such malarkey and they will be excluded from the site.

Interesting discussion about this topic over on Property Industry Eye https://propertyindustryeye.com/senior-tory-mp-blames-housing-crisis-for-local-election-losses/