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Scripophilist

Hometrack On Monday

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Wow thats some crash! :rolleyes:

Depends where you live. If you live in Milton Keynes you won't like the report -8%. If you live in say Teesside you'll be spewing at the fact you are likely to get 87% of the asking price.

Haven't seen the full report but it will be interesting to see which areas, if any rose strongly.

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Just look at my signature - it says it all!

I believe that the EA's are getting found out when they GROSSLY overprice asking prices. The clients expections are falsly high. If they put them on at last sold +/- market conditions there would be a drop from 10-50%!!!!

The truth is - a house is only worth what someone is prepared to pay for it i.e. the last sold price. Its all a load of bllox. The houses that are dropped 30% of asking haven't lost a penny as the expectations are too high. YOu have lost nothing at all - and dont forget when you guy your house use the same philosophy - seller then become buyers you know.

That drop of 0.1& is probably based on the selling price - not the asking price so if a house was 20% overpriced in the asking price then its actually dropped 20.1%.

CRASHING? - Put your house on the market at the highest valuation or even lowest and see what offers you get - expect MASSIVE REDUCTIONS!

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http://www.themovechannel.com/News/2005/September/30a.asp

Says:

Hometrack believes the present trend of house price falls will end before the end of this year. While house price falls are on track to meet our -5% forecast for the year, we expect a reasonably strong rebound for 2006. While another boom in house prices is not in prospect, a house price crash can clearly be ruled out.

Thats it. Confirmed. QED. No Crash ;)

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Guest Riser
Wow thats some crash! :rolleyes:

For HPI to turn negative it must pass through zero no surprise there.

Everytime Nationwide Inflation adjusted HPI has turned to negative the market has gone on to crash see sig.

Well guess what Kissmyb, it did just that this September, have you got another job lined up yet as there won't be much demand for estate agents next year :lol:

Nationwide HPI turns negative - Big SELL signal for the housing market

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Wrigleworm: "However, we are still not in recovery mode in terms of house prices"

Didn't he previously say we were on the path to recovery? Ha Ha.

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  • 336 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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