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Johnny

Housing Market 'heads For Revival'

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Another VI putting some Spin in the media, well the autumn revival is upon us .... pmsl

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Housing market 'heads for revival'

The housing market is heading for a modest autumn revival as fears that prices will fall substantially recede.

Around 48% of people now expect property prices to rise over the coming 12 months, compared with 45% who think prices will fall, according to Propertyfinder.com.

http://uk.news.yahoo.com/12092005/344/hous...ds-revival.html

:unsure:B)B):unsure:

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Another VI putting some Spin in the media, well the autumn revival is upon us .... pmsl

==============================================

The average time it was taking to sell a property rose from 10.7 weeks in July to 12.5 weeks in August, while sellers were prepared to accept offers that were 4.9% below their asking price, compared with 3.5% in July.

OK, so we could begin headlines of: Summer slowdown kills marketplace "It now takes approx. 40% longer to sell a property than in July 2004, vendors see asking prices fall by 1.4%........

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Desperation :D

The same papers that print those articles saying that we asked the 100 random people the following questions.....

1/ What country did Hitler lead during WWII?

2/ Who is the Prime Minister?

3/ What is the square root of 4?

Of course a similar percentage would probably get those questions right!

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Revival!!

Simply compare this months report with last months....

No. who expect prices to rise: Now 48% was 55% !!!

Average house price increase/decrease: Now -1.6% was +0.2% !!!!

How much less than asking price will sellers accept: Now -4.9% was -3.5% !!!

Average time taken to sell your house: Now 12.5 weeks, was 10.7 weeks !!!

So...

Far more housebuyers now expect prices to fall.

House buyers now expect their property to loose rather than gain value by an average of -1.6%.

House sellers are now prepared to accept much lower offers than the month before.

Houses are now sitting on the market much longer.

All this in one month!!!!

And this indicates that the market is "set for revival"????

Now that's what I call SPIN

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Revival!!

Simply compare this months report with last months....

No. who expect prices to rise: Now 48% was 55% !!!

Average house price increase/decrease: Now -1.6% was +0.2% !!!!

How much less than asking price will sellers accept: Now -4.9% was -3.5% !!!

Average time taken to sell your house: Now 12.5 weeks, was 10.7 weeks !!!

So...

Far more housebuyers now expect prices to fall.

House buyers now expect their property to loose rather than gain value by an average of -1.6%.

House sellers are now prepared to accept much lower offers than the month before.

Houses are now sitting on the market much longer.

All this in one month!!!!

And this indicates that the market is "set for revival"????

Now that's what I call SPIN

Thats serious SPIN.

I suppose it's legal too......... unfortunately. :(

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"....but you can't fool all of the people, all of the time"

I don't care - the longer the VIs stretch out the bubble, the more rapidly it will collapse when reality bites. Sentiment is one thing, but all the positive sentiment in the world does not make it possible for the bottom of the pyramid to stay solid when FTBs simply do not have the resources to buy.

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This is last's months figures from propertyfinder as reported by the Times:

http://property.timesonline.co.uk/article/...1726729,00.html

There is a big opportunity for some journalist to report on the way the public are being mislead by sites like this manipulating news features in the popular media.

Personally I like the way they choose different time points in different reports with which to make a comparison depending on the survey results. I suppose they don't have any data from the 17th centuary though or they could really beef it up. I also find it amusing that previous reports hid the proportion of people who expected a drop in house prices and the fact that only %, not numbers are reported.

I recon the estate agents must be hammering these surveys themeselves out of sheer desperation. Still any attempt to hold back this tide is bound to fail. Personally if I was in that game I'd be using my time more constructively, building a nest egg, joining a union, re-training and scouring the job ads. This is bound to end in a sticky manner for many EAs. Perhaps the clever ones can see it coming, but I'm sure the majority will fall foul of believing their own hype until it's too late. The thought of DSS job clubs throughout the country filled with has been EAs really brings a tear to my eye.

:D

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This is last's months figures from propertyfinder as reported by the Times:

http://property.timesonline.co.uk/article/...1726729,00.html

  I also find it amusing that previous reports hid the proportion of people who expected a drop in house prices and the fact that only %, not numbers are reported.

:D

It's the same with the cosmetics ads on TV.

'95% of women asked noticed an improvement in their wrinkles'

Then in VERY small type at the bottom they flash up for a fraction of a second that the sample size was 10.

And people fall for it evey time. :rolleyes:

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A recent survey showed that those asked felt that

property surveys were "a load of cr@p".

Out of the total surveyed, 100% of househunterbuyers

responded with expletives which cannot be reported, but

the overall indication was they did not believe a word

that the VI surveys reported.

(number surveyed = 1)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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