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MSE News: Nationwide: House prices fell in March
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"House prices have recorded a monthly fall of 1%, reflecting the expected slowdown as the stamp duty holiday ended"
"House prices have recorded a monthly fall of 1%, reflecting the expected slowdown as the stamp duty holiday ended"
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Comments
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Nationwide average house price Feb - £162,712. Nationwide average house price March - £163,327
In reality prices didn't fall at all.... they did however rise by less than would be expected in March. Because they already rose by more than expected in Jan and Feb due to the stamp duty holiday bringing forward demand.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
think it depends on the area of the country, and how much you are prepared to offer, and also how much desperate the sellers are, i bought a house this year in January for 32% off the peak, and i also think there will be more falls this year,
if you want / need to buy just look out for those desperate sellers, plenty of them about0 -
and also even though i just bought (32% off peak perice) i think the falls in house prices are a great thing, will be great for forst time buyers, about time they had a bit of luck in this housing market mess0
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Good news for everyone, even Hamish McDelusional, although he probably doesn't want to believe it."The only man who makes money from a gold rush is the one selling the shovels..."0
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HAMISH_MCTAVISH wrote: »Nationwide average house price Feb - £162,712. Nationwide average house price March - £163,327
In reality prices didn't fall at all.... they did however rise by less than would be expected in March. Because they already rose by more than expected in Jan and Feb due to the stamp duty holiday bringing forward demand.
Ah, the old "use the non-seasonally adjusted figures when it suits the argument" gambitWhat goes around - comes around0 -
If the stamp duty thing has just borrowed sales from the future (in the same way that the car scrappage scheme did), then I reckon transactions will be down for many months to come.0
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I still think next month will be up due to the delay in figures but after that continual falls. House prices are still highly inflated and must fall.
Prices are not determined by supply and demand but the demand created by people with access to credit at a certain level. If the money isn't there to support prices at the current level the price will fall no matter what the sellers demand.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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Prices are not determined by supply and demand but the demand created by people with access to credit at a certain level. If the money isn't there to support prices at the current level the price will fall no matter what the sellers demand.
It's really disappointing that, after all this time, you still don't seem to understand supply and demand. Yet, the second sentence suggests that you do.What goes around - comes around0 -
It's really disappointing that, after all this time, you still don't seem to understand supply and demand. Yet, the second sentence suggests that you do.
I don't get what you means. I'm talking about effective demand rather than demand ie demand with the money or access to money behind it. Everyone can want a house (demand) but it won't effect the supply unless it is effective demand. People can ask what ever they want however lending criteria is getting tougher, so if they try to be greedy they won't sell.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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