Monday, February 6, 2012

+0.6% MoM, -1.8% YoY

January INdex

Well, at least the quarterly and yearly figures look more reliable!

Posted by phdinbubbles @ 08:58 AM (3423 views)
Please complete the required fields.



21 thoughts on “+0.6% MoM, -1.8% YoY

  • Haliwide non-seasonally adjusted:

    Haliwide seasonally adjusted:

    Reply
    Please complete the required fields.



  • richy richless says:

    Death by a thousand cuts, the market needs forced sellers

    Reply
    Please complete the required fields.



  • Thecountofnowhere says:

    If you look at the official data it shows 12 months in a row the price was down on the previous year !!!

    Reply
    Please complete the required fields.



  • The previous two months’ figures appears to have been revised down – I don’t recall two months of 1.0% falls in November and December. The release now says that prices fell below the £160k mark in December ’11.

    Reply
    Please complete the required fields.



  • At least the house price to earnings ratio is heading in the right direction, however it will still be another 5 – 10 years before we aer back at 3.5x.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Agreed, the QOQ and YOY look very reliable, January figures alone are meaningless 🙂

    Reply
    Please complete the required fields.



  • Why do I get the feeling all of these indices are being manipulated to avoid dropping below the £160k barrier? It will obviously have a significant psychological effect on the public if we ever get there, I.e 159,999 appears much cheaper than 160,000.

    Also, guaranteed EXPRESS headline tomorrow. I’m going for ‘HOUSE PRICES BOUNCE BACK IN 2012’.

    Reply
    Please complete the required fields.



  • Howard Archer, chief UK and eurozone economist at IHS Global Insight, said the monthly increase in January did not alter his view that house prices were likely to decline by 5% this year. He said: “We suspect that low wage growth, rising unemployment and persistent concerns over the economic situation and outlook will limit potential buyers and weigh down on house prices.”

    http://www.sundaysun.co.uk/news/uk-world-news/2012/02/06/low-interest-rates-peg-house-prices-84229-30274638/

    Reply
    Please complete the required fields.



  • Reply
    Please complete the required fields.



  • next thing will be ”spring bounce”

    funny how *spring bounce* now seems to last all year round…….

    Reply
    Please complete the required fields.



  • Why do I get the feeling all of these indices are being manipulated to avoid dropping below the £160k barrier? It will obviously have a significant psychological effect on the public if we ever get there, I.e 159,999 appears much cheaper than 160,000.

    99.9% of the UK are engaged in this deception, manipulation.

    Reply
    Please complete the required fields.



  • greenshootsandleaves says:

    richy richless @ 09:09 ‘… the market needs forced sellers’

    Yes, but it doesn’t look as though the banks need them, so that’s pretty much it (for the time being, at least).

    Reply
    Please complete the required fields.



  • We are just in a short ‘blip’ up because the days are getting a little longer. Wait until next month and every thing will be back to doom & gloom.

    On another note I must get myself a short position on the FTSE this week (XUKS).

    Reply
    Please complete the required fields.



  • Here’s a bit of nice anecdotal. Just found out that an EA manager here in the “greedy Cotswolds” has hired an individual
    to phone difficult vendors to persuade them their houses aren’t selling either because they’re dumps or they’re over-priced.

    Apparently he hates having to phone difficult vendors doing this, so he’s actually created a unique roll; sign of the times ?!

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Great anecdote DW, tis an ideal time to be an ‘Executive Expectation Manager’.

    As for the Hali index, yeah, whatever. Let’s see who blinks firsts.

    Reply
    Please complete the required fields.



  • DW, If I was the estate agent I would contact them and tell them that the house is not gathering any interest at that price would they like to reduce the price. If they say no then tell them that you will keep it on your books for a further 4 weeks before they have to either drop the ‘asking price’ or find another agent.

    Is this just to logical? I would rather have 6 houses that sell quickly than 100 houses that have no chance of selling. I believe that the smaller agents around my way operate like that.

    Reply
    Please complete the required fields.



  • “greenshootsandleaves said…richy richless @ 09:09 ‘… the market needs forced sellers’ – Yes, but it doesn’t look as though the banks need them, so that’s pretty much it (for the time being, at least). Monday, February 6, 2012 02:05PM”

    I’ve just posted a story on Goldilocks and the forbears

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Khards, it would be interesting to find out how much it costs and EA to “keep a house on the books”. If it’s only £10 a week (for example), then it’s worth hanging on to it on the outside chance that it actually sells.

    Reply
    Please complete the required fields.



  • If I was the estate agent I would contact them and tell them that the house is not gathering any interest at that price would they like to reduce the price. If they say no then tell them that you will keep it on your books for a further 4 weeks before they have to either drop the ‘asking price’ or find another agent.

    That brakes the rule of the ‘greater fool theory’ so not really viable.

    Reply
    Please complete the required fields.



  • khards @14. Don’t bother applying to the apprentice this year mate.

    The general “game” at the moment for “savvy” EAs is to let the snobs market their properties with Hampertons or Slutt & Porker at 20-30%
    over sanity, then mop up after 2 months of not selling. However, even these “inherited” properties now aren’t shifting through the less
    “upmarket” local chains, so the “game” is up really.

    Reply
    Please complete the required fields.



  • I have a word for all this: Stupidity!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>