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crash 2005

Property Prices Respond To Rate Rise Medicine

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http://www.moneyextra.com/news/news-proper...ces-033994.html

Five rounds of base interest rate increases are taking their toll on the housing market, according to Moneyextra. Indeed, the average property value of £218,0331 in July was down by 4.65% on the month and up just 1.63% year-on-year. At the same time, the average mortgage being sought by first-time home buyers was £132,699; its lowest level since January 2006.............................
Edited by crash 2005

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Completely stupid to think that this is a clear indicator on the market. Who the hell is moneyextra? What data are they basing this on? Is it just their own figures? If so then i would not pay any attention to it.

When you have figures from a more credible source, you can make bold claims.

Funny how they compared their figures to Halifax. Who is Robin Amlôt? My guess is Senior Editor by day, macdonalds drive through cashier by night.

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Completely stupid to think that this is a clear indicator on the market. Who the hell is moneyextra? What data are they basing this on? Is it just their own figures? If so then i would not pay any attention to it.

When you have figures from a more credible source, you can make bold claims.

Funny how they compared their figures to Halifax. Who is Robin Amlôt? My guess is Senior Editor by day, macdonalds drive through cashier by night.

Yes the Halifax and rightmove will really say that house prices have actually decreased. :lol:

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Yes the Halifax and rightmove will really say that house prices have actually decreased. :lol:

Thats the data i am looking for. Not data or statements from a company such as moneywhoever. We can always find some data that supports an argument but the source has to be credible.

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Funny how they compared their figures to Halifax. Who is Robin Amlôt? My guess is Senior Editor by day, macdonalds drive through cashier by night.

Worse than that. He used to write for MSN Money and Sky! :lol:

http://money.uk.msn.com/guides/articles/robinamlot.aspx

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Completely stupid to think that this is a clear indicator on the market. Who the hell is moneyextra? What data are they basing this on? Is it just their own figures? If so then i would not pay any attention to it.

When you have figures from a more credible source, you can make bold claims.

Funny how they compared their figures to Halifax. Who is Robin Amlôt? My guess is Senior Editor by day, macdonalds drive through cashier by night.

do your homework first! they are one of the UK's leading Independent Financial advisors, and offer mortgages from across most providers, not just one!

http://www.moneyextra.com/about/awards.html#MMAIFA

Money Marketing IFA of the Year 2007

AWD Group, which includes AWD Moneyextra and AWD Chase de Vere, scooped the top accolade at the Money Marketing Financial Services Awards 2007, Independent Financial Adviser of the Year. AWD Group is one of the few companies with a truly multi channel capability, offering financial services online, by telephone and face to face. (March 2007)

Edited by crash 2005

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do your homework first! they are one of the UK's leading Independent Financial advisors, and offer mortgages from across most providers, not just one!

http://www.moneyextra.com/about/awards.html#MMAIFA

Do you work for them?

Please dont tell me that you would use them as credible source for how the housing market is going.

Madness :o

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Do you work for them?

Please dont tell me that you would use them as credible source for how the housing market is going.

Madness :o

NO

But they could just as easily be ramping the market along with all the other leading mortgage providers with their carfully selected data, but they are not, so I view this as a little more bear food.

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:lol:

Sorry for the rant. It just gets to me a bit when people are clutching at straws for evidence.

Hardly clutching for straws, just merely adding a news story to the discussion forum, sorry if it has in anyway disturbed you

:blink:

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I'd love to see evidence of nominal falls but have to say:

Be realistic. I'd never heard of "moneyextra" till 5 minutes ago.

I think I'll stick with land registry data, thanks.

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I don't know why your getting so upset, it's not as if we have not had it the other way for the past decade ie 'endless property porn'.

The more negative sentiment accurate or not the sooner it will get a much needed correction under way.

:lol:

Sorry for the rant. It just gets to me a bit when people are clutching at straws for evidence.

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Hardly clutching for straws, just merely adding a news story to the discussion forum, sorry if it has in anyway disturbed you

:blink:

I view a lot but rarely post. I just get concerned when there is not a balanced view on what is occurring and when questionable data gets thrown into the argument.

Dont be sorry though. I am always disturbed. ;)

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I'd love to see evidence of nominal falls but have to say:

Be realistic. I'd never heard of "moneyextra" till 5 minutes ago.

I think I'll stick with land registry data, thanks.

:D I have heard of them they went through the roof during the dot com boom. Offering financial advice. I had shares in them as did my dad. He sold his before the crash, I was struggling to find the certificate so ended up with hardly anything left luckily was only a few hundred pounds i think.

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I view a lot but rarely post. I just get concerned when there is not a balanced view on what is occurring and when questionable data gets thrown into the argument.

Dont be sorry though. I am always disturbed. ;)

Surely all data questionable, especially that from VI's such as the lenders, and even the quality of the data from new Landregistry monthly reports are questionable, so then how can you question what isn't balanced and what is.

surely your belief of what is occuring is based upon so called reliable sources, who ever they might be?

What may be perceived as occuring and what is actually occuring could well be two different things

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Guest d23
What may be perceived as occuring and what is actually occuring could well be two different things

agreed crash2005 ;)

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