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Realistbear

V I Builder Site Admits New Homes Plunged 1.6% July

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http://www.smartnewhomes.com/content/Press...utumn_Peak.aspx

11/08/2006 00:00:00

New home prices take a summer dip before autumn peak
While the UK has been enjoying record temperatures in July the new homes market has been experiencing a cooler summer. With the usual July lull taking its toll, new home prices were
down 1.6% last month
, from £258,581 to £254,374.
The new homes market had been experiencing positive growth in 2006 with prices in the first quarter consistently up on last year. However, regardless of the market’s strength, the summer months always put pressure on prices as the warmer weather, school holidays and summer vacations distract potential buyers from looking for a new home.

While mostly upbeat, this VI makes a strange statement about an "autumn peak." Not sure what they are basing this on unless its the higher IR, rising unemployment, higher levels of repossession, unaffordability but then, you would think those fundamentals would lower prices even more?

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You know how HPC'rs hate so see words like "soared" or "rockets" in place of rise, especially if the rise isn't all that significant.

I.e. House prices "rocket" by 0.0001% this year.

Maybe we shouldn't be doing the same for noted falls.

Just say "new homes fall 1.6% in July" and let the reader determine how significant this is.

No big gripe, Just a thought.

Good news though.

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You know how HPC'rs hate so see words like "soared" or "rockets" in place of rise, especially if the rise isn't all that significant.

I.e. House prices "rocket" by 0.0001% this year.

Maybe we shouldn't be doing the same for noted falls.

Just say "new homes fall 1.6% in July" and let the reader determine how significant this is.

No big gripe, Just a thought.

Good news though.

Its counter-spin. When the VIs spin to the left we HPCers should spin it back to the right so we end up in the centre and balnce is achieved. <_<

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  • 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%



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