Jump to content
House Price Crash Forum
Sign in to follow this  
cashinmattress

House Prices Now Growing Again

Recommended Posts

House Prices Now Growing Again

That is right - the Assetz House Price Watch (HPW) analysis of all the major house price indices now shows a 10% annualised positive growth in May !

We are still awaiting the FT HPI data in a few days but in the HPW, May data is assumed to be the same as the previous month until data is released so the May FT HPI monthly data is assumed at a 1.1% fall and will be updated in due course. As we predicted earlier in the week in this blog, the Halifax House Price index came out with a big jump in prices - fully expected as it was lagging the rest of the indices and historically has been very close to Nationwide data.

The following chart is the average of all the indices monthly data, shown as an annualised figure (Halifax, CLG, FT, Nationwide, Rightmove). Growth is shown at 10% pa based on May data, up from a peak fall rate of around -22% late last year. What a turnaround !

My personal favorite chartz....

HPW%20May%202009.gif

I'm sorry everybody, my forecast of 5% falls for this year, whilst the highest of all forecasts, is I am afraid far too pessimistic and we are looking increasingly likely to have positive growth for 2009. If you've been sitting on your hands thinking you had longer before the bottom of the market, you haven't. This wasn't a house price crash, just a mild correction in the face of huge demand and according to Nationwide house price index analysis, house prices are now back to long-term average

Stuff like this will send Sibley, Rinoa, McSpamish and the rest into a fit!

What a load of codswallopz!

Share this post


Link to post
Share on other sites
How can a 20% drop in value in such a short period of time be called mild? Is it a spoof?

LOL.

17% average..... So a lot more if you're in the market for a newbuild inner city BTL shoebox..... But a lot less if you're in the market for a quality house in a nice area.

Some areas have been hammered, but other areas have been barely touched.

Overall though, it could have been a lot worse.

Share this post


Link to post
Share on other sites

well, now I am confused :lol:

unemployment is heading in one direction (many companies are planning huge redundancies August)

1 trillion national debt (Labour bankrupted the country)

most high streets look like Chernobyl, and Children and OAP's are the most impoverished in Europe

Just, who the F U C K would want to buy a house in Britain?

Share this post


Link to post
Share on other sites
LOL.

17% average..... So a lot more if you're in the market for a newbuild inner city BTL shoebox..... But a lot less if you're in the market for a quality house in a nice area.

Some areas have been hammered, but other areas have been barely touched.

Overall though, it could have been a lot worse.

worse for whom? Anyway there is a long way to go to the bottom as the economy bombs out.

Share this post


Link to post
Share on other sites

If you intend to buy at the bottom of the market then act now - more and more headlines and news stories over the next 30 days will wake up sellers to the strength of the market.

You heard it here first.

ACT NOW. IF YOU DONT BUY NOW YOU WILL NEVER BE ABLE TO. WE COULD BE THE LAST GENERATION TO HAVE THE OPPURTUNITY TO LIVE IN HOMES.

Share this post


Link to post
Share on other sites
well, now I am confused :lol:

unemployment is heading in one direction (many companies are planning huge redundancies August)

1 trillion national debt (Labour bankrupted the country)

most high streets look like Chernobyl, and Children and OAP's are the most impoverished in Europe

Just, who the F U C K would want to buy a house in Britain?

Dont question. Just spend.

Share this post


Link to post
Share on other sites
My personal favorite chartz....

HPW%20May%202009.gif

HAHAHA House price growth my ar*e!

Their graph does not show hopuse prices growing, it shows they are falling, at a lower rate than before.

And they call that house price growth... hilarious, and desperate.

Share this post


Link to post
Share on other sites

"more and more headlines and news stories over the next 30 days will wake up sellers to the strength of the market"

I can't think of any other reason NOT to buy.... :lol:

Share this post


Link to post
Share on other sites
If you intend to buy at the bottom of the market then act now - more and more headlines and news stories over the next 30 days will wake up sellers to the strength of the market.

You heard it here first.

ACT NOW. IF YOU DONT BUY NOW YOU WILL NEVER BE ABLE TO. WE COULD BE THE LAST GENERATION TO HAVE THE OPPURTUNITY TO LIVE IN HOMES.

Bold font and caps makes things more true.

Share this post


Link to post
Share on other sites
HAHAHA House price growth my ar*e!

Their graph does not show hopuse prices growing, it shows they are falling, at a lower rate than before.

And they call that house price growth... hilarious, and desperate.

In annualised terms, yes.

But house prices are currently growing. Average house Feb 09, 147K. Average house May 09, 154K. Spin that any way you want, it still costs more to buy today than it did 3 months ago..... ;)

Share this post


Link to post
Share on other sites
House Prices Now Growing Again

My personal favorite chartz....

HPW%20May%202009.gif

Stuff like this will send Sibley, Rinoa, McSpamish and the rest into a fit!

What a load of codswallopz!

:lol:

I guess there are so few bear topics these days, so you've taken to starting topics on behalf of the Bulls.

Saves us the trouble of looking for them I suppose.

winesmiley.gif

Share this post


Link to post
Share on other sites

i am getting impatient, going to look at a house at the weekend. should see the jackass family right for ....well ever really. who gives a fu*k what the value does i will own 75% of it then when i die my kids can have it.

i suppose i could wait another two years, but then that is two years of my life i would have lost sat in front of hpc.

is this the right thing to do?

Edited by jackassjoiner

Share this post


Link to post
Share on other sites
ACT NOW. IF YOU DONT BUY NOW YOU WILL NEVER BE ABLE TO. WE COULD BE THE LAST GENERATION TO HAVE THE OPPURTUNITY TO LIVE IN HOMES.

In what way is your home any less a home because it is rented?

Share this post


Link to post
Share on other sites
:lol:

I guess there are so few bear topics these days, so you've taken to starting topics on behalf of the Bulls.

Don't worry Roy, we'll have the Halifax and Nationwide figures to discuss all Winter! ;)

Share this post


Link to post
Share on other sites
In what way is your home any less a home because it is rented?

Very true. But it's only your home until the landlord tells you different.

Not everyone's cup of tea Harry.

Don't worry Roy, we'll have the Halifax and Nationwide figures to discuss all Winter! ;)

Is that when the falls are going to restart?

Just like old times then. :)

Share this post


Link to post
Share on other sites
I'm beginning to think they may be right.

Picture_5.jpg

Link

Yep, the housing market is now so buoyant that EA's can't even be ars*d to make an effort and exercise any sort of quality control in their advertising.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   292 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.