Guest growl Posted August 29, 2005 Share Posted August 29, 2005 Yes! Avon. that's near me Quote Link to comment Share on other sites More sharing options...
CapeFear Posted August 29, 2005 Share Posted August 29, 2005 I hope that someone is keeping a track of what hometrack were saying before the house price slowdown till now. I'm sure Wriggles was saying before that prices are gonna go up and now that wording has now changed to "stagnation and slow growth". Does anyone have a record of his words in the 18 months or so?<{POST_SNAPBACK}> No need to go that far back, B&B. From bobed's link, this is what Mr W was saying only 6 months ago: “After over eight months of housing market doldrums, the first signs of a robust recovery have appeared. A significant rise of new buyers, and an even more marked increase in agreed sales have stabilised prices, and an analysis of recent trends suggests the worst is definitely over in terms of price falls. We expect prices to resume their long-term inevitable upward movement before the end of the year, fully compensating for the recent falls.”“A more stable interest rate outlook, ongoing low unemployment, and rising household incomes will all help support rising house prices by the end of this year. Commentators, forecasting a housing market crash will soon have to again revise their forecasts, as the reality of a healthy housing market will undoubtedly increase the amount of egg that they already have on their faces.” Quote Link to comment Share on other sites More sharing options...
ʎqɐqɹǝʞɐɥs Posted August 29, 2005 Share Posted August 29, 2005 The second derivative of the negative trend is starting to show positive swing, I therefore conclude the market is rising again. Quote: Dicky 29:08:05 <{POST_SNAPBACK}> During a slow summer season too. House price crash over. Quote: Shaker 29:08:05 12:49hours Quote Link to comment Share on other sites More sharing options...
Boom'n'Bust Posted August 29, 2005 Share Posted August 29, 2005 No need to go that far back, B&B. From bobed's link, this is what Mr W was saying only 6 months ago:“After over eight months of housing market doldrums, the first signs of a robust recovery have appeared. A significant rise of new buyers, and an even more marked increase in agreed sales have stabilised prices, and an analysis of recent trends suggests the worst is definitely over in terms of price falls. We expect prices to resume their long-term inevitable upward movement before the end of the year, fully compensating for the recent falls.”“A more stable interest rate outlook, ongoing low unemployment, and rising household incomes will all help support rising house prices by the end of this year. Commentators, forecasting a housing market crash will soon have to again revise their forecasts, as the reality of a healthy housing market will undoubtedly increase the amount of egg that they already have on their faces.” <{POST_SNAPBACK}> Thanks for that brilliant quote Capefear mate. We will see who has more eggs on their face by the end of the year and I hope you don't Wriggle out of that one!! Quote Link to comment Share on other sites More sharing options...
Bookerman Posted August 29, 2005 Share Posted August 29, 2005 I also saw this being reported on the ITV news channel, they had it scrolling along the bottom of the screen constantly. Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted August 29, 2005 Share Posted August 29, 2005 "Past performance is no guide to the future".So why predict another boom? The next "New Paradigm" might be, well who knows? <{POST_SNAPBACK}> You may be right, but before the market dictated our knowlege, the common parlance used to rely on unscientific but well observed saying such as "those who don't learn from history perish by it". Quote Link to comment Share on other sites More sharing options...
Rapid Descent Posted August 29, 2005 Share Posted August 29, 2005 (edited) a further reduction in new buyers and a further increase in supply suggests no prospect of price rises in the near future This is one of the most important things to my mind - it relates to the combined effect of a contracting BTL market and a non-existant FTB market. The supply/demand balance is already far out of kilter and it is still getting worse. The future is either stalemate (EAs go bust, entire housing market locks up for 10 years+) or the considerably more likely crash scenario. There is simply no motive for anyone to buy houses in the present market. Vendors will cling on to their paper gains for as long as possible. But, in the end, they will fall be the wayside as the house no longer offers an easy exit from spiralling debts. Edited August 29, 2005 by Rapid Descent Quote Link to comment Share on other sites More sharing options...
marzipan Posted August 30, 2005 Share Posted August 30, 2005 is it just me or have they deliberately left out any mention of the fall/rise in london? do they normally release the london report at the same time? Quote Link to comment Share on other sites More sharing options...
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