uro_who Posted December 16, 2007 Share Posted December 16, 2007 Anyone know what tomorrows figures are going to say? My guess is up 0.5% or something, seasonally adjusted, interest rate cut out of the way sort of number. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted December 16, 2007 Share Posted December 16, 2007 Anyone know what tomorrows figures are going to say? My guess is up 0.5% or something, seasonally adjusted, interest rate cut out of the way sort of number. Halifax, Nationwide and the Royal Institution of Chartered Surveyors have warned of widespread falls in prices across the country, and Rightmove is expected to announce a larger-than-expected drop in average asking prices in its December Index. http://www.telegraph.co.uk/money/main.jhtm.../cnhouse116.xml Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted December 16, 2007 Share Posted December 16, 2007 Anyone know what tomorrows figures are going to say? My guess is up 0.5% or something, seasonally adjusted, interest rate cut out of the way sort of number. Asking prices are completely out of touch with sale prices. Quote Link to comment Share on other sites More sharing options...
Laura Posted December 16, 2007 Share Posted December 16, 2007 Anyone know what tomorrows figures are going to say? Yes. Quote Link to comment Share on other sites More sharing options...
Monopoly Posted December 16, 2007 Share Posted December 16, 2007 Yes. And? Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted December 16, 2007 Share Posted December 16, 2007 and Rightmove is expected to announce a larger-than-expected drop can you expect something larger than expected? anyway, based on the asking prices of a particular local agent I would say UP 43% Quote Link to comment Share on other sites More sharing options...
Laura Posted December 16, 2007 Share Posted December 16, 2007 And? Blip Quote Link to comment Share on other sites More sharing options...
uro_who Posted December 16, 2007 Author Share Posted December 16, 2007 Yes. Thanks Laura, I see that another work of fiction comes out of embargo at 0001 this morning, the CPI and RPI figures. Difficult to know if they are going to be Booker Prize or Perrier Prize winning. Quote Link to comment Share on other sites More sharing options...
jm78 Posted December 16, 2007 Share Posted December 16, 2007 Blip for us or them? Quote Link to comment Share on other sites More sharing options...
crash2006 Posted December 16, 2007 Share Posted December 16, 2007 1.1% drop. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 16, 2007 Share Posted December 16, 2007 Well, mortgage approvals were well down last month, so one would expect prices to fall. However, they are ASKING prices. Expect the unexpected. Quote Link to comment Share on other sites More sharing options...
Laura Posted December 16, 2007 Share Posted December 16, 2007 Blip for us or them? For The British People of course! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 16, 2007 Share Posted December 16, 2007 For The British People of course! I think you mean a blimp in that case! Quote Link to comment Share on other sites More sharing options...
crash2006 Posted December 16, 2007 Share Posted December 16, 2007 The point is how reliable is rightmove house price index, an index created by EAs... Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted December 16, 2007 Share Posted December 16, 2007 As the introduction of Hips for 4+ bed properties and then 3 bed properties taking place earlier in the year artificially inflated average asking prices, I think you've got that the wrong way round. Read the Rightmove report for the month after HIPs for 4-bed properties were introduced. ((http://www.rightmove.co.uk/pdf/p/hpi/HousePriceIndex17thSep2007.pdf) That month asking prices unexpectedly fell 2.6 percent which was attributed to less houses being put on the market speculatively. Quote Link to comment Share on other sites More sharing options...
steve99 Posted December 16, 2007 Share Posted December 16, 2007 Will be a couple of years before asking prices drop, what happens at forced sales and auctions is a different matter, the rest will stick at stalemate for a very long time, ie no ones going to blink till they have to. Quote Link to comment Share on other sites More sharing options...
Little Professor Posted December 16, 2007 Share Posted December 16, 2007 -0.1% Quote Link to comment Share on other sites More sharing options...
Little Professor Posted December 16, 2007 Share Posted December 16, 2007 -0.1% Quote Link to comment Share on other sites More sharing options...
aussieboy Posted December 16, 2007 Share Posted December 16, 2007 Well, mortgage approvals were well down last month, so one would expect prices to fall.SNIP 6 months lag. Quote Link to comment Share on other sites More sharing options...
RJG18 Posted December 16, 2007 Share Posted December 16, 2007 + 0.00001% month-on-month. ....earning the average home-owner a further £2 of capital gains. ... and sparking a "House Prices Soar!" headline in the Daily Express. Quote Link to comment Share on other sites More sharing options...
TheRenter Posted December 17, 2007 Share Posted December 17, 2007 House prices have fallen by 3.2 per cent in the past month as sellers cut property values to sell before the Home Information Pack (Hip) deadline. The average asking price fell by £7,590 to £232,396. December is a traditionally poor month for prices but experts said the so-called Hip effect worsened the fall. Last Friday's extension of Hip rules to cover one and two-bedroom homes added an extra 1.1 per cent to the fall, said property website Rightmove. http://www.metro.co.uk/money/article.html?...p;in_page_id=36 Quote Link to comment Share on other sites More sharing options...
yellerkat Posted December 17, 2007 Share Posted December 17, 2007 (edited) House prices dip due to Hip effect Oh, just a Hippup on the way up, then. ED: There is a link in there! Not showing up for some (late Sunday night) reason. Metro Linky Edited December 17, 2007 by yellerKat Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted December 17, 2007 Share Posted December 17, 2007 http://www.metro.co.uk/money/article.html?...p;in_page_id=36Oh, just a Hippup on the way up, then. OMFG Quote Link to comment Share on other sites More sharing options...
Spikey1 Posted December 17, 2007 Share Posted December 17, 2007 House prices have fallen by 3.2 per cent in the past month as sellers cut property values to sell before the Home Information Pack (Hip) deadline.The average asking price fell by £7,590 to £232,396. December is a traditionally poor month for prices but experts said the so-called Hip effect worsened the fall. Last Friday's extension of Hip rules to cover one and two-bedroom homes added an extra 1.1 per cent to the fall, said property website Rightmove. http://www.metro.co.uk/money/article.html?...p;in_page_id=36 Rightmove stats are rubbish but that kind of report is music to my ears! Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted December 17, 2007 Share Posted December 17, 2007 House prices have fallen by 3.2 per cent in the past month as sellers cut property values to sell before the Home Information Pack (Hip) deadline. Write the headline for that one!!! 3.2% down in a month!! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.