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It's boom time for housing market.

THE housing market in Worcester has made a booming start to 2005, despite suffering one of its worst months for a long time in December. Local estate agents reported a bleak Christmas, with houses being put on the market for lower prices and selling for less than the asking price.

But James Hickling, a valuer at Town & Country estate agents in Foregate Street, said while the city had been through a bad time, this January had been the busiest in years.

"With interest rate rises last year, things did cool down and during the last six months people were very indecisive. There was a lot more negotiating and house prices were dropping.

"However, the last couple of weeks have been the busiest for a long time and people are regaining their confidence. There are still a lot of good deals out there, but the market is a lot more stable. It is a great start to the year - business is booming."

Internet estate agents Rightmove.co.uk found that house prices in the city cooled by 1.8 per cent in December. Carole Bradley, director for Connells, of Foregate Street, agreed the month had been bad, but again confirmed things had improved rapidly during the past few weeks.

"Prices were more realistically priced in December and we found in some cases they were going for below the asking price," she said. We haven't found ourselves in the crash which some people predicted and 2005 has started exceptionally well -we are really busy."

A spokesman for the internet site fish4homes.co.uk said the national picture was similar.

"No one is concerned by last month's market - it is always quiet at Christmas," said Janet Irwin, homes sales manager for Fish4Homes. As far as we can tell, there is not going to be a great slowdown, and if interest rates go down, as predicted, it could get a lot better."

Classic!

VacantPossession

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It's boom time for housing market.

THE housing market in Worcester has made a booming start to 2005, despite suffering one of its worst months for a long time in December. Local estate agents reported a bleak Christmas, with houses being put on the market for lower prices and selling for less than the asking price.

But James Hickling, a valuer at Town & Country estate agents in Foregate Street, said while the city had been through a bad time, this January had been the busiest in years.

"With interest rate rises last year, things did cool down and during the last six months people were very indecisive. There was a lot more negotiating and house prices were dropping.

"However, the last couple of weeks have been the busiest for a long time and people are regaining their confidence. There are still a lot of good deals out there, but the market is a lot more stable. It is a great start to the year - business is booming."

Internet estate agents Rightmove.co.uk found that house prices in the city cooled by 1.8 per cent in December. Carole Bradley, director for Connells, of Foregate Street, agreed the month had been bad, but again confirmed things had improved rapidly during the past few weeks.

"Prices were more realistically priced in December and we found in some cases they were going for below the asking price," she said. We haven't found ourselves in the crash which some people predicted and 2005 has started exceptionally well -we are really busy."

A spokesman for the internet site fish4homes.co.uk said the national picture was similar.

"No one is concerned by last month's market - it is always quiet at Christmas," said Janet Irwin, homes sales manager for Fish4Homes. As far as we can tell, there is not going to be a great slowdown, and if interest rates go down, as predicted, it could get a lot better."

Classic!

VacantPossession

As you analyze this statement you see the desparation that is apparent. Such statements as "worst months for a long time," "a bleak Christmas" are countered by vague statements such as "people are regaining their confidence.." Normally, such claims would be backed up with some statistical data. These EA's have deep seated insecurity issues as evidenced by irrationally optimistic statments such as "the market is a lot more stable." Stability reflects a deep seated desire, no matter how irrational in the current circumstances, for safety where things are more predictable.

Hopeless optimism is a form of denial. The statement "business is booming" is more a statement of desire than it is a reflection of reality. "Realistic pricing" is, in true reality, prices that are falling.

What we also see in this statement is a form of paranoia that is based on real fears that reflect reality. When the mindset reaches this point small and inconsequential events become elaborated to extremes. For example, a single customer becomes "a flood of business," severley declining sales becomes "stability in the market."

The final statement is most telling of all. Psychosis usually reveals elements of truth hidden within the flights of fantasy. Here the EA has stated that things "could get a lot better." An admission that things have deteriorated coupled with hopeless optimism reveals the collective conflicted mindstate of the EA industry.

The only cure for this neurosis that borders psychosis is confession and admission that the things they are hanging onto (easy money etc.) are no longer real.

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Guest pioneer31
It's boom time for housing market.

There are still a lot of good deals out there,

you'll have to point them out, I must have missed them :rolleyes:

but the market is a lot more stable.

yeh, stable as in static !

We haven't found ourselves in the crash which some people predicted and 2005 has started exceptionally well -we are really busy."

we are only three weeks onto 2005 for gawds sake.

"No one is concerned by last month's market - it is always quiet at Christmas,"

but it's not always quiet in Spring :lol::lol::lol:

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they say its busy.... last year in spring people were in tents for 4 days queuing up to buy ex army property and over inflated prices, (i guess the vendors saw the crash coming):

http://news.bbc.co.uk/1/hi/england/herefor...rcs/3559315.stm

This year there is occasionally 1 person in the estate agents and an estate agent says things are getting busy....

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As Promised i looked in the windows off all the estate agents in worcester to witness the boom for myself. Out of the 7 estate agents i saw on the street i saw 2 couples.

Taylors had one couple in it

Town and Country (the estate agent who reported it was booming) has the other couple in it.

Unfortunly Town and country also lost by having 6 estate agents in on saturday, obviously expecting a pickup This is in contrast to this time last year where you were queuing to see an agent, this year definatly isnt 'one of there busiest years'

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Town and country also lost by having 6 estate agents in on saturday, obviously expecting a pickup This is in contrast to this time last year where you were queuing to see an agent

Seems like estate agency is a feast-or-famine business. They're either overwhelmed with demand and punters or empty like a plague-hit ghost town. There doesn't seem to be any middle-ground. It's either booming or dead; there doesn't seem to be any in-between.

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