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Jason

Halifax +0.8% Mom, -10.1% Yoy

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Just looking at the figures, so far the peak of the slump was in April 09 and prices have risen £6,483 - 4.2% since then.

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Hmmmm.....this BDEV top isn't working out too well just yet.

UK:BDEV 288.314 +10.114 3.64 294.80 279.00 1,544,565 9:19 AM

<_<

Edited by Red Karma

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Just looking at the figures, so far the peak of the slump was in April 09 and prices have risen £6,483 - 4.2% since then.

I think its interesting that the fall from peak is still nearly 20% on Halifax at least.

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I do not understand what is going on with BDEV, but as well as the auction indicators already mentioned, I also see the fact that we are now seeing an increase in the number of properties coming on the market, against a decrease in buyers, as another leading indicator of how we are heading for minus figures in the housing market again soon.

http://money.uk.msn.com/mortgages/mortgage...entid=149501048

The number of homes for sale increased for the first time in four months during August despite the housing market suffering its traditional seasonal slowdown. However, economists have attributed recent price increases to the market finding some support due to a shortage of stock, and they have warned that if properties flood on to the market, prices could begin falling again.......Despite the rise in properties bring put up for sale, other areas of the housing market suffered from the traditional seasonal slowdown, with the number of househunters registered with estate agents dropping to 238 on average, down from 292 in July."

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BBC New 24 Just now. "Lots of buyers, lack of supply" argument from Estate Agent.

Interesting that both sides of the equation are used to support the recovery.

When sellers capitulate and put their houses on the market, volume increases and the media report a recovery

When sellers hold out rather than sell at a loss, there is a lack of supply and prices go up indicating a recovery

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I do not understand what is going on with BDEV, but as well as the auction indicators already mentioned, I also see the fact that we are now seeing an increase in the number of properties coming on the market, against a decrease in buyers, as another leading indicator of how we are heading for minus figures in the housing market again soon.

http://money.uk.msn.com/mortgages/mortgage...entid=149501048

We're approaching a traditionally quieter time of year for the housing market. Sales will inevitably be affected. Stock may rise but there is little evidence of forced selling as govt. intervention is helping to avoid this.

IMO there is little prospect for change in the immeditate future and seasonal adjustment to the indices, which has limited house price increases in the spring and summer, will now boost prices for the remainder of the year.

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Interesting that both sides of the equation are used to support the recovery.

When sellers capitulate and put their houses on the market, volume increases and the media report a recovery

When sellers hold out rather than sell at a loss, there is a lack of supply and prices go up indicating a recovery

Store and treasure these conflicting conditions that always point to the same conclusion.

Your children will surprise their teachers by proposing "Vested interests" as a GCSE topic.

p-o-p

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Interesting that both sides of the equation are used to support the recovery.

When sellers capitulate and put their houses on the market, volume increases and the media report a recovery

When sellers hold out rather than sell at a loss, there is a lack of supply and prices go up indicating a recovery

Exactly,

and i loved this cracking quote in the Beeb article as well

A lack of new homes coming on to the market was a significant factor in the latest round of rising prices, and so prices could stabilise again if potential sellers surged into the market.

Stabilise...?, if sellers SURGE into the market. Is there some sort of press law against using the word fall? I see the current positon as relatively stabilised/flat as opposed to growth.

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We're approaching a traditionally quieter time of year for the housing market. Sales will inevitably be affected. Stock may rise but there is little evidence of forced selling as govt. intervention is helping to avoid this.

IMO there is little prospect for change in the immeditate future and seasonal adjustment to the indices, which has limited house price increases in the spring and summer, will now boost prices for the remainder of the year.

And yet there hasn't been a recovery in successful transaction numbers this year - transactions remain at historically low levels (deep crash territory) ... and we are approaching a quieter time of year for the property market, oh dear! Estate Agents starvation levels of income will deteriorate even further ..... unless they start ensuring that vendors cut their asking prices drastically, and repeatedly until a sale is achieved - in order to get a sustainable recovery in transactions (and hence incomes for Estate Agents).

See: http://www.housepricecrash.co.uk/forum/ind...howtopic=125006

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http://www.thisismoney.co.uk/mortgages-and..._id=57&ct=5

“!But while property optimists are eager to call a return to normal service, more cautious analysts say the property market remains balanced on a knife edge.

A report today from economists Fathom Consulting suggested a drop in demand and prices at auction over the summer, with a gap of 30% between auction and open market selling price developing, compared to 10% three months ago.â€

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