The Masked Tulip Posted April 26, 2013 Share Posted April 26, 2013 Confidence in the housing market soars to highest level in three years with prices forecast to rise by £10,000 this summer Read more: http://www.dailymail.co.uk/news/article-2315086/Confidence-housing-market-soars-highest-level-years-prices-forecast-rise-10-000-summer.html#ixzz2RZ4oU9PJ Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted April 26, 2013 Share Posted April 26, 2013 In other news, 98% of Arsenal fans polled expect their team will beat Manchester United this weekend, whereas 98% of Manchester United fans expect their team to win. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 26, 2013 Author Share Posted April 26, 2013 In other news, 98% of Arsenal fans polled expect their team will beat Manchester United this weekend, whereas 98% of Manchester United fans expect their team to win. You should stick that up there as a comment. Good one. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 26, 2013 Share Posted April 26, 2013 You should stick that up there as a comment. Good one. Apparently no comments have been submitted so far (which I find hard to believe), so there's a good chance it could get a lot of response. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 26, 2013 Author Share Posted April 26, 2013 So every estate agent and house seller is going to read this in tomorrow's DM and then go out and ramp up their asking prices. Unaffordable houses becoming more unaffordable. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 26, 2013 Share Posted April 26, 2013 of course, people will beleive the Government is doing all it can to get prices up. shame the self same schemes with different names havent worked in the last 5 years Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted April 26, 2013 Share Posted April 26, 2013 DM never print my comments, even when they are unmoderated, they just don't appear. I've never posted anything libellous etc, only ever HPC thesis posts, but it seems they don't like them and they are automatically filtered out... anyone else, feel free to have a go. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 26, 2013 Share Posted April 26, 2013 (edited) Highest level in three years. It's not exactly a biggie. It's hardly a "soar". Edited April 26, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted April 26, 2013 Share Posted April 26, 2013 (edited) Both the proportion of people forecasting house price increase and the typical size of the anticipated increase are the highest figures recorded in around three years by the quarterly study, which began in 2009 They've been publishing those sort of figures almost since time began but it's handy that the new "study" just started in 2009 after the housing market had collapsed. Edited April 26, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
katchytitle Posted April 26, 2013 Share Posted April 26, 2013 They've been publishing those sort of figures almost since time began but it's handy that the new "study" just started in 2009 after the housing market had collapsed. Its a market like any other. The government has just announced they will support anyone with a mortgage up to £600K on old properties (i.e not new builds) from Jan 2014. Once you have a guaranteed buyer of loans in the market where anyone with a 5% deposit can now get a 80% LTV loan guess what? Prices go up! So prices have already started ramping up and they will continue as banks can lend at low LTVs, people can borrow at low deposit levels and the government "guarantees" it all thanks to record low interest rates on gilts. I wonder what could go wrong with this bubble! The conservatives want to win an election - to do that people need to generally feel like they are moving onward and upward because of government policy. Housing purchases enables this feeling. Their policies will enable higher nominal house prices until the next general election and then it will all start crashing again as always. We'll be poor until we invent things / dig up commodities the world wants - that's the only way to be profitable nationally. Life is about incentives and rewards. Everyone has them but turning them to non-selfish objectives always proves difficult. Everyone has an ego that needs to be stroked. Even the HPC crowd. Quote Link to comment Share on other sites More sharing options...
ccc Posted April 26, 2013 Share Posted April 26, 2013 The majority of people buying a house have just sold one. And with the exception of perhaps London and a few other places - they will all have got less for their places than anticipated. They will therefore be trying to 'make this up' by offering lower on the one they try to buy. I really don't think this whole idea of prices rising holds any water at all. Its just nonsense. Quote Link to comment Share on other sites More sharing options...
jfk Posted April 26, 2013 Share Posted April 26, 2013 lots of bearish comments, I've been 'green arrowing' them. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 26, 2013 Share Posted April 26, 2013 (edited) lots of bearish comments, I've been 'green arrowing' them. No surprise. The Pricedout generation consume information online, the 'Pricedin' Boomers still mostly consume it from printed sources. Edited April 26, 2013 by rantnrave Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 26, 2013 Share Posted April 26, 2013 Woohoo I'm going to be £10k richer. Quote Link to comment Share on other sites More sharing options...
MississippiJohnHurt Posted April 26, 2013 Share Posted April 26, 2013 All these stories are excellent news aren't they? More supply Quote Link to comment Share on other sites More sharing options...
Dorkins Posted April 26, 2013 Share Posted April 26, 2013 Bruce is right, property professionals really are trying to engineer a sentiment-driven Spring bounce. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted April 26, 2013 Share Posted April 26, 2013 Bruce is right, property professionals really are trying to engineer a sentiment-driven Spring bounce. Pathetically sad morons. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 26, 2013 Share Posted April 26, 2013 Bruce is right, property professionals really are trying to engineer a sentiment-driven Spring bounce. Where would we all be without confidence........confidence is all we need, so they keep telling us. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 26, 2013 Share Posted April 26, 2013 Where would we all be without confidence........confidence is all we need, so they keep telling us. Confidence? Not so much. A govt willing to spend without limit, that's what you need to keep prices inflated. And that's what we've got. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 26, 2013 Author Share Posted April 26, 2013 Confidence? Not so much. A govt willing to spend without limit, that's what you need to keep prices inflated. And that's what we've got. +1. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 26, 2013 Share Posted April 26, 2013 so prices are going up because of a scheme, that has been around for years, is being relaunched in 2014? the spring bounce lamb is particularly vigourous this week. Quote Link to comment Share on other sites More sharing options...
katchytitle Posted April 26, 2013 Share Posted April 26, 2013 so prices are going up because of a scheme, that has been around for years, is being relaunched in 2014? the spring bounce lamb is particularly vigourous this week. The old scheme never covered all houses up to 600K only new builds up to a smaller limit. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 27, 2013 Share Posted April 27, 2013 (edited) Confidence in the housing market soars to highest level in three years with prices forecast to rise by £10,000 this summer Sounds like a good example of "sell on the news". All the news is likely already in the price. Edited April 27, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
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