Jump to content
House Price Crash Forum
Sign in to follow this  
Ash4781

Hometrack 0.0% M/m

Recommended Posts

London and South East posted clear declines.

London was in the grip of a “pronounced slowdown” in market activity, the firm said, whose data is based on a monthly survey of estate agents and surveyors. The capital was the only region to record a price fall this month – albeit just a 0.1% decline – with further declines predicted for the months ahead.

It said the overall UK market had been cooling since May but growth had now “completely stalled” following a tail-off in demand, with some would-be buyers possibly unsettled by the potential economic implications had Scots voted for independence in this month’s referendum.

I haven`t read such bearish reporting for a long time.!

Edited by GinAndPlatonic

Share this post


Link to post
Share on other sites

I haven`t read such bearish reporting for a long time.!

It's exactly as predicted here.

The indexes will stay positive ( just ) till the next election. The tories will claim they have solved the problems in the housing market by stopping the rises.,

All is well with the mega expensive housing of the UK.

Buy now before you miss out.

Share this post


Link to post
Share on other sites

It just needs something resembling a Black Swan to enter stage right (or left or centre). If it happens anything like in 2007 it'll be in the media towards the end of this year.

Edited by billybong

Share this post


Link to post
Share on other sites

Telegraph also headlining that house prices have begun to fall.

Here is link to the full Hometrack report:

http://www.hometrack.co.uk/hpsurvey/documents/September_2014_Hometrack_House_Price_Survey_26092014095851.pdf

The 6.3 weeks to go SSTC makes no sense to me. No way can this factor in SSTCs that fall through and presumably listings that are delisted. If the average house only took 6.3 weeks to sell then the market would indeed be showing more than stagnation.

If one house sells in 6.3 weeks and another house is listed for 50 weeks and is withdrawn...the stats come up with 6.3 weeks (presumably, ignoring the delisting). In my book, however, one sale achieved in aggregate 56.3 weeks actually equals 56.3 weeks to sell a house (on that example).

The Hometrack stats are complete nonsense.

Edited by crashmonitor

Share this post


Link to post
Share on other sites

I was expecting a further leg to this house price inflation this autumn.

I guess it is increasingly difficult to manufacture inflation with no wage rises, a sub 2% CPI rate and other asset classes also hitting the buffers these last six months...pms and equities.

Just hope those that those loaded up on mortgage debt in anticipation of equity gains have a plan B if we go Japanese.

Share this post


Link to post
Share on other sites

I was expecting a further leg to this house price inflation this autumn.

I guess it is increasingly difficult to manufacture inflation with no wage rises, a sub 2% CPI rate and other asset classes also hitting the buffers these last six months...pms and equities.

Just hope those that those loaded up on mortgage debt in anticipation of equity gains have a plan B if we go Japanese.

If? Do they have a plan C if houses crash by 40% over the next 3 years?

Share this post


Link to post
Share on other sites

I was expecting a further leg to this house price inflation this autumn.

I guess it is increasingly difficult to manufacture inflation with no wage rises, a sub 2% CPI rate and other asset classes also hitting the buffers these last six months...pms and equities.

Just hope those that those loaded up on mortgage debt in anticipation of equity gains have a plan B if we go Japanese.

I doubt it! I don't even think they are that sure what plan A is! 'We buy a house, prices go up... Err... what if we can pay the mortgage? Don't worry about that, renting is dead money, init!' :P

Share this post


Link to post
Share on other sites

What was the black swan event that triggered the 2007 financial collapse?

http://en.wikipedia.org/wiki/Abelian_sandpile_model

Once the sandpile model reaches its critical state there is no correlation between the system's response to a perturbation and the details of a perturbation. Generally this means that dropping another grain of sand onto the pile may cause nothing to happen, or it may cause the entire pile to collapse in a massive slide.

http://www.huffingtonpost.com/mario-livio/from-sandpiles-to-bureauc_b_2005591.html

Share this post


Link to post
Share on other sites

I was expecting a further leg to this house price inflation this autumn.

I guess it is increasingly difficult to manufacture inflation with no wage rises, a sub 2% CPI rate and other asset classes also hitting the buffers these last six months...pms and equities.

None of that is the reason for the slowdown outside of PCL. It's the MMR. Always about lending.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.