Thursday, December 22, 2011

The old law of ‘supply and demand’?

House sales hit 16-month high

''Home sales hit their highest level of the year so far in November, figures from HM Revenue and Customs (HMRC) have showed. Some 85,000 homes were sold in the UK during the month, the highest monthly figure since July 2010 when 89,000 properties were sold.... the low level of supply should continue into the coming year, stabilising prices and preventing significant declines...''

Posted by hpwatcher @ 07:48 AM (1513 views)
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7 thoughts on “The old law of ‘supply and demand’?

  • So, HPC’er’s are like the Luddites, f*rting against thunder.

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  • sibley's b'stard child says:

    Bit mardy today are we?

    In any event, not quite sure what point you’re trying to make there. Transactions are still pish-poor whichever way you look at it. Personally I reckon the uplift in transactions is the news of the SDLT holiday coming to an end in April pushing people into buying.

    Lancashire bloke decides his Yorkshire mate could do with some cheering-up so he takes him to Blackpool to enjoy a live comedian on the promenade.

    Throughout the whole show, whilst the rest of the crowd are falling about themselves laughing, the Yorkshire fella sits there on the front row, impassive, arms folded, not even cracking a smile. This goes on for the whole show, to the extent that even the comedian began giving the Yorkshireman strange looks.

    Once the show had finished the clearly exasperated Lancastrian turns to his friend and says, “well, didn’t you like it then?”

    The Yorkshireman replies, “aye, it were alright, if yer into laughin”.

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  • One needs to see a lift in transactions, to pencil in the price falls – does one not?

    Who, but an idiot, would overpay for some of the worst housing stock in the world?

    Ah, the British! There so reliable when it comes to tat.

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  • sibley's b'stard child says:

    I was actually referring to Mr G but thanks for your contribution.

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  • @5

    That was understood by me – but not by you.

    PS I don’t ‘contribute’ – I warn!

    Thanks for your patronisation.

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  • What SBC says. Transaction volumes are still in the doghouse.

    dill @ 4,
    Yes. The low volumes tell us that (a) super-low interest rates mean there is little pressure to sell, and (b) a lot of people are unwilling to sell at a price they perceive to be too low.

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