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House Prices Post Modest Rise Over January

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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.

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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

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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.

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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 ?

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