Latest: House Price Crash News

Thursday, Jun 4 2020 Add a News Blog Article

Here we go.

BBC News: House prices see largest monthly fall for 11 years, says Nationwide

Prices down 1.7% in may according to NW. The Biased Broadcasting Corp can't quite bring itself to report this simply as a fall however, choosing to describe it as a halving of annual growth.

Posted by nickb @ 09:02 AM 7 Comments

Insurance pins all the all the financial risks we take

BBC: Coronavirus: Insurers in virus claims test case named

You may think this is not relevant to housing but it is relevant to all aspects of our lives. You will see that even when sitting at home your car insurances will go up, and so will your housing insurance as insurers have to now pay up for the policies they have been writing. Even the mortgages that are given to people are then sold away to investors after they purchase an insurance policy on the Mortgage backed Securities. Now if the insurers have pay up, they would either need to raise more capital or shrink their underwriting book. This is more important than we all think. Remember AIG from 2008, it was very crucial for the US economy .

Posted by deepak @ 05:19 PM 0 Comments

If you cant pay, the it should go on your credit file

BBC: Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The first banker to say, if you can't pay it should go in your credit file. Banks need to know your are not a good and liquid borrower.

Posted by deepak @ 07:12 PM 0 Comments

Last throw of the dice

Moneywise: Interest rates could go sub-zero: how would this affect mortgages and savings?

This effectively would be paying off peoples mortgages for free. I'm a bit surprised that there hasn't already been a revolt amongst savers. I have lost count of the number letters I have received saying my savings rates have been reduced to figures like 0.05%

Posted by tenyearstogetmymoneyback @ 03:45 PM 6 Comments

Why bother give it for free

BBC: Mortgage payment holiday extended for further three months

Well is people ever bothered to pay for what they buy, the wouldn't buy at the stupid prices they agree to in the first place.

Posted by deepak @ 09:24 PM 2 Comments

Most who lost jobs are at the lowest pay grade

BBC: US workers seeking jobless aid near 40 million

Interesting to see how the growth in house prices as I put in a couple of days ago adds up here. As people are lining up for food banks, some people think house prices are going to go up

Posted by deepak @ 09:26 PM 0 Comments

38060 transactions in April

BBC: Coronavirus: UK property sales hit record low in April

There is no information about the value at what these are traded. One thing I learn't in my stats class, if the numbers are not big enough and transactions are at margin the value / price is not valid. But that is something that the housing index providers will never tell you. Even if one house of sold at the high price they will quote all of them at high price. That is how they remain in business.

Posted by deepak @ 09:14 PM 0 Comments

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House Price Statistics - UK National

Source website Period covered Average house price Monthly change (%) Annual change (%) Archive / Graph Peak average house price Change since peak (%) Official releases
LSL Property Services & Acadametrics (England and Wales) Jun 18 £303,960 0.20 2.10 Cross£305,654
(May 18)
0.5516/07/2018 (PDF)
Halifax House Price Index Jun 18 £225,654 0.30 1.80 Tick£227,871
(Mar 18)
0.9706/07/2018 (PDF)
Home.co.uk (England and Wales) Jul 18 £310,577 0.10 1.30 Cross N/A N/A 12/07/2018 (PDF)
Hometrack - Monthly National Survey May 18 £217,400 0.00 4.30 Cross N/A N/A 29/06/2018
Land Registry Monthly Report Apr 18 £226,906 1.20 3.90 TickThis monthN/A13/06/2018 (PDF)
Nationwide House Price Index Jun 18 £215,444 0.50 2.00 TickThis monthN/A01/06/2018 (PDF)
Rightmove House Price Index July 18 £309,191 0.10 1.40 Tick£317,281
(May 17)
2.5516/07/2018 (PDF)

House Price Statistics - Greater London

Source website Period covered Average
house price
Monthly
change (%)
Quarterly
change (%)
Annual change
(%)
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Land Registry Monthly Report Apr 18 £484,584 2.40 N/A 1.00 Tick£530,409
(Jan 16)
8.6413/06/2018 (PDF)
Nationwide House Price Index Q2 18 £468,845 N/A 2.30 1.90 Cross£478,782
(Q1 17)
2.0801/06/2018 (PDF)
Rightmove House Price Index July 18 £628,458 0.50 N/A 1.70 Tick£649,864
(May 17)
3.2916/07/2018 (PDF)

Archive of old house price surveys

House Price Predictions

If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.

This table is now sorted by the date that the prediction was made.

Source website Analyst Photo Date prediction made Amount predicted Region Time Period Evidence Notes
National Housing FederationDavid OrrPhoto of David OrrDec 2013 35%UK2013-2020Tick
House prices will increase by another 35% by 2020, leaving a huge swathe of the population locked out of home ownership for life.

Predictions archive