Monday, May 22, 2006

Everything not OK in Pleasantville

Firstrung: Smartnewhomes see prices of new homes fall by 3.1% in April

Smartnewhomes see prices fall by 3.1% in a month. Whisper it quietly, and despite all the froth that accompanies the press release, could it be that new homes are struggling to sell?

Posted by Converted Lurker @ 04:27 PM (643 views)
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1. Flash said...

Whisper it?

The markets are screaming it!!!!

Look at the share price chart of any of these: Wimpy, Persimmon, Bellway, Bovis, Barratt, Taylor Woodrow.

There is a panic for exit, the falls in these stocks is much more than that of the market as a whole. That tells me all I need to know.

Monday, May 22, 2006 05:35PM Report Comment

2. European-bear said...

"Buyers have demonstrated they are prepared to pay 4.3% more for their new home than they were in April 2005, despite a rise in prices of only 0.1%."
This is a direct quote from that article...what a load of crap....a home is worth what someone is prepared to pay for it. So if prices rises are the magic 0.1%, that is the increas ein price that people are prepared to pay....or have I missed somehing

Tuesday, May 23, 2006 07:35AM Report Comment

3. Jake The Muss said...

I have relatives who bought into a new development of 3 & 4 bed semi's in SW London. Here is an example of the prices the devlopers received for identical brand new 3 bed semi's. One of the first houses to sell ..April 2005 440,000. The last house to sell.....February 2006 380,000.

Tuesday, May 23, 2006 12:56PM Report Comment

4. bidin'matime said...

I think we should challenge all these commentators to explain the significance and / or the accuracy of 0.1% - as a direct measure it is fairly meaningless (my, how you've grown - you used to be 5' 6" tall and now you're 5' 6 1/15" ), but as a statistical conclusion it really is utter tripe.

Tuesday, May 23, 2006 01:59PM Report Comment

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