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Houseprices Continue to Rise in February
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Posts: 3,312 Forumite
Comments
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No what it said is
"Sellers of residential property in England and Wales hiked their asking prices by an annual 5.8 percent in February, a survey showed on Monday, despite a glut of properties on the market and forecasts for a slowing economy".
They have not sold they are just asking for more money. Ho Hum0 -
Misleading in the extreme. . .
. . . though hardly surprising that this originates from one of the biggest vested interests around.
The survey actually reported that sellers are asking more. Ah.
They're asking more on larger houses because there aren't as many smaller properties on the market because of HIPs. Oh, really?
The effect of sellers asking more on larger houses is to push up the average asking price. Duh.
What utter gibberish. I might just as well report that the windscreen sticker prices of cars in the £20,000+ bracket in all my local dealerships are higher now than they were a couple of months ago.
And that's what: an accurate guide to the prices those cars will actually sell at once I've been in and screwed the salesperson to the floor???
As Nationwide knows full well, an asking price is a question waiting for an answer.
The question can equally as well represent a considered evaluation of a property's worth as evidence of the seller's epic naivety or raving insanity.
It is only the buyer's answer that will determine which.
Nationwide has no idea what the answer is. In parcelling together a lot of non-facts and trying 'em with the string of HIPs (though the HIPs assertion probably wouldn't stand up to any kind of scrutiny, either) the suspicion must be that Nationwide's marketing department is desperate to dream up any old rubbish Press Release to help reinforce the Nationwide name within the collective consciousness of those who might now be having to contemplate a Spring sale of their home.
What a waste of time.0 -
I tried to sell a car last week for £5,000 but nobody was interested. That's strange, I thought? Oh well I've now re advertised it for £6,000 that's bound to get some buyers interested!0
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muppets who overpaid for houses think there's bigger muppets out there still ?
not news.
oh, and how much did prices on the right move FALL the month before, a quick look at that shows an almost identical fall to rise this moment, indicating a flat trend on asking prices, but people aren't paying asking prices.It's a health benefit ...0 -
It's Rightmove NOT Nationwide.
And they're only asking prices not selling prices. Mind you, I seem to remember many posters here using Rightmove figures to back up their assertions that a crash was happening:
See here: http://forums.moneysavingexpert.com/showthread.html?t=695351&highlight=rightmove
And here: http://forums.moneysavingexpert.com/showthread.html?t=551362&highlight=rightmove
And here: http://forums.moneysavingexpert.com/showthread.html?t=600778&highlight=rightmove
In other words, when they report a fall, they're right. When they report a rise, they're wrong. Hmmmmm.0 -
There are Lies, Damn Lies and Estate Agents statistics.Living Sober.
Some methods A.A. members have used for not drinking.
"A simple book for complicated people"0 -
The Mails take on it.
Sellers are rushing to put their homes on the market before prices fall even further.
Others are forced to sell because they can no longer cope with their massive mortgages and other debts.
The report, from the property information firm Rightmove, reveals the struggle faced by sellers to find a buyer. A typical property now sits on the market for 93 days before finding a buyer. This is a far cry from the height of the boom last summer when homes were sold within days, often for much more than the asking price.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=515461&in_page_id=17700 -
and the Express!A MASSIVE bounce in the housing market has pushed up values by £7,500 in just one month, figures show today.
The price of the average three-bedroom semi-detached in England and Wales rose to £237,856 in January.
And the 3.2 per cent surge will be a huge relief to home owners who have been concerned about falling prices in a faltering property market.
http://www.express.co.uk/posts/view/35273/House-prices-hit-new-high0 -
about 3 weeks ago, Bidwells in my area had been selling on behalf of a developer, 3 types of property. These disappeared for a day and were replaced with each new build for sale individually listed, 17 in total at prices between £550k and £900k (in an area where the average house price is 300k) this added I'm guessing around £12 million to property listings asking prices in this small area. Now they have been taken down again and grouped into the 3 categories of house prices instead. I wonder if they will do the same again next month.
Hope that makes sense but I strongly suspected at the time that they were trying to skew the asking price figures.0 -
This is most likely just the knock on effect of HIPS effecting the statistical data.
The facts still stand, there is less credit available than their once was.
Also the express's headline is wrong. House prices have NOT hit a new high. The high according to Rightmove was £241,642 in october.0
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