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

House Prices Post Modest Rise Over January

Recommended Posts

http://www.hometrack.co.uk/index.cfm?jsess...home&newsid=126

House prices post modest rise over January
Scale of new buyers registrations hold key to year ahead
Headline house prices rise by 0.1% in January National house
prices have risen by 0.1% over January
according to the latest Hometrack survey.

With Rightmove going for a flotation of its stock it may be that they are exaggerating the hypothetical "asking price" statistics to demonstrate that, despite other surveys, the market is growing at its fastest rate in years.

Hometrack at least adds a little perspective as it is difficult to imagine, with mortgage lending showing a dip, that homes are "flying off the shelves" after only 81 days on the market according to Rightmove.

Could Rightmove's statistics on "asking prices" be reflecting errors in some listing prices where asking price is, e.g. 99 million? Enough typos of this magnitude and the average "asking price" will be dramatically affected.

Share this post


Link to post
Share on other sites

We've had this discussion. Rightmove discard prices outside a certain number of SDs from the mean asking price, so these outliers are not included.

Edited by aussieboy

Share this post


Link to post
Share on other sites

My point in rolling out the older (7th February) Hometrack stats was to show the large disparity with today's appalling news from Rightmove. Who do you believe? Rightmove's upcoming flotation may have something to do with their wild claims that vendors are asking so much more for their homes.

Share this post


Link to post
Share on other sites

how can they say 0.1% is modest, IMO it is an insignificant amount and equates to a £160 increase on a house valued at 160k. When will these people realise that we are sick to death of hearing that house prices have increased again

yeah, are hometrack trying to 0.1 us to death ?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

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.