Johnny Posted September 12, 2005 Share Posted September 12, 2005 Another VI putting some Spin in the media, well the autumn revival is upon us .... pmsl ============================================== 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 Quote Link to comment Share on other sites More sharing options...
2005 Posted September 12, 2005 Share Posted September 12, 2005 It doesn't really matter what they think. It's if they can afford to buy that counts Quote Link to comment Share on other sites More sharing options...
xyz Posted September 12, 2005 Share Posted September 12, 2005 What is actually amazing me is how widely this is being reported, which to me just seems to reek of deperation Quote Link to comment Share on other sites More sharing options...
Ritters Posted September 12, 2005 Share Posted September 12, 2005 (edited) And Elvis is spotted on the moon Edited September 12, 2005 by Ritters Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted September 12, 2005 Share Posted September 12, 2005 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%........ Quote Link to comment Share on other sites More sharing options...
since the beginning Posted September 12, 2005 Share Posted September 12, 2005 Desperation 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! Quote Link to comment Share on other sites More sharing options...
libitina Posted September 12, 2005 Share Posted September 12, 2005 WB DrBubb Quote Link to comment Share on other sites More sharing options...
madenph Posted September 12, 2005 Share Posted September 12, 2005 It's not limited to "househunters", anyone (including estate agents, surveyors, mortgage sellers!) can take their survey... http://www.propertyfinder.com/survey/pfsurvey.htm Quote Link to comment Share on other sites More sharing options...
KickThemInThePant Posted September 12, 2005 Share Posted September 12, 2005 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 Quote Link to comment Share on other sites More sharing options...
libitina Posted September 12, 2005 Share Posted September 12, 2005 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 <{POST_SNAPBACK}> Thats serious SPIN. I suppose it's legal too......... unfortunately. Quote Link to comment Share on other sites More sharing options...
simon99 Posted September 12, 2005 Share Posted September 12, 2005 Quite remarkable how these figures point to a market revival. Only 48% expect rises. Quote Link to comment Share on other sites More sharing options...
Leodhasach Posted September 12, 2005 Share Posted September 12, 2005 "....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. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted September 12, 2005 Share Posted September 12, 2005 Don't you have to have a fall before you can have a revival? It was Kirsty that pointed this out!! Quote Link to comment Share on other sites More sharing options...
KickThemInThePant Posted September 12, 2005 Share Posted September 12, 2005 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. Quote Link to comment Share on other sites More sharing options...
libitina Posted September 12, 2005 Share Posted September 12, 2005 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. <{POST_SNAPBACK}> 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. Quote Link to comment Share on other sites More sharing options...
justanewbie Posted September 12, 2005 Share Posted September 12, 2005 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) Quote Link to comment Share on other sites More sharing options...
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