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MSE News: House prices due for 'modest increase' in 2013, Halifax says
Former_MSE_Helen
Posts: 2,382 Forumite
"House prices have risen 0.2% month-on-month in March and are set for a 'modest increase' over 2013, Halifax said today..."
Read the full story:
House prices due for 'modest increase' in 2013, Halifax says
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House prices due for 'modest increase' in 2013, Halifax says
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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I think like most home owners I am a little confused about how the actual housing market is performing at the moment.
For a good few years it was of course all doom and gloom and now it appears that things are on the mend. But are they?
Some figures released are showing modest increases, other reports and showing big increases in house prices and then we have the scary articles such as Moneyweek's info.moneyweek. com/special-free-reports/property-market/ which say that house prices are still falling!
So where are we heading? And as a homeowner should I be panicking?0 -
That's a pity as we need house prices to reflect real value rather than what we currently see..... prices need to fall further for everyone..0
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Excellent news. :beer:
Housing recovery continues with all indices now year on year positive.“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 -
BarryRead5 wrote: »I think like most home owners I am a little confused about how the actual housing market is performing at the moment.
For a good few years it was of course all doom and gloom and now it appears that things are on the mend. But are they?
Some figures released are showing modest increases, other reports and showing big increases in house prices and then we have the scary articles such as Moneyweek's info.moneyweek. com/special-free-reports/property-market/ which say that house prices are still falling!
So where are we heading? And as a homeowner should I be panicking?
Depends where in the country you live, looking at national figures can be very misleading. There are pockets with fast increase, some areas in freefall and others that are still static. You are right though it is very confusing!Now buying our second house:
Accepted offer 16/12/18. Offer accepted 26/1/19. Buyer pulled out 4/2/19. Accepted new offer 13/2/19
FTB: Offer accepted 23/2/2013 Mortgage application 28/2/2013 Valuation: 4/3/2013 Valuation ok 15/3/2013 Mortgage Offer 21/3/2013 Exchange 10/4/2013 Completion 26/4/21030 -
Prices now stable or rising in vast majority of the UK.
And FTB prices up 5% in the last 6 months....“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 -
That's a pity as we need house prices to reflect real value rather than what we currently see..... prices need to fall further for everyone..
I disagree. If prices fall many people risk going into negative equity, as happened in the mid 1990s. The ideal situation is for prices to be stable or rise slowly, by no more than consumer inflation.0 -
I disagree. If prices fall many people risk going into negative equity, as happened in the mid 1990s. The ideal situation is for prices to be stable or rise slowly, by no more than consumer inflation.
Surely wage inflation would be a better rate to increase by!Now buying our second house:
Accepted offer 16/12/18. Offer accepted 26/1/19. Buyer pulled out 4/2/19. Accepted new offer 13/2/19
FTB: Offer accepted 23/2/2013 Mortgage application 28/2/2013 Valuation: 4/3/2013 Valuation ok 15/3/2013 Mortgage Offer 21/3/2013 Exchange 10/4/2013 Completion 26/4/21030 -
Ciderarmy1987 wrote: »Surely wage inflation would be a better rate to increase by!
Not necessarily - price rises have outstripped wage rises in recent years. The point I'm trying to make is that a crash is as harmful as a boom - what we need is stability.0 -
Supporters of the ten year cycle would just say it's the same old routine.
2012 was the bottom, and prices will shoot up around 2015, peaking 2017, then crash in 2018. Snore.
Help to Buy? Sounds like the kind of non-sense the Chinese were doing. Houses prices were shooting up, so they hit it hard, so prices sank like a stone. Off-plan buyer were queuing up to beat up developers, either to get their money back or to get a discount, in-line with the promotional, i.e. discounted prices. They then had to bring out policies to prop up the housing market. Now it's overheated again. Just leave it alone, Cameron.
If memories serve, locusts swarm every ten years too.
Apparently they physically change shape and behaviour when the conditions trigger the change. Same as property speculators. In 2012, they were perfectly decent humans, some of them nuns. Then the buzz spreads, and they all turn into ravening hordes of money crazed property speculators.0 -
Supporters of the ten year cycle would just say it's the same old routine.
2012 was the bottom, and prices will shoot up around 2015, peaking 2017, then crash in 2018. Snore.
Never heard of a ten year cycle.
There has been some work done by an economist (Fred Harrison) to show an 18 year cycle on average though.
He reckons 2012 was the start of the next upswing and prices will next crash in the mid to late 2020's.“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
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