Bullish comments on housing market.

Realy

Oh my god I have not seen one for months.
Homes market 'improving'
http://www.teletext.co.uk/news/national/a87a6e5867f6950b8419e6b04e744c91/Homes+market+'improving'.aspx

I have got to win a prize for that they are like rocking horse poop.

baby_boomer

I think the key part of that text was

"estate agents said"

ManAtHome

Wow great, housing market improving - time to whack up interest rates to fight inflation now the e-Con is back on track..?

Realy

Perhaps sensible pricing as hit home?

Don't you trust sales people.;)

Generali

We'll see how that translates to completed sale prices over the next few months.

Realy

Did I see mortgage lending was up by about a 3rd on last month?

I name it national bull day.
Unfortunatly there is only 27 mins left.:D
(just having a laugh I now prices will still be dropping, it would be nice for a few more transactions going through though as it will show the banks may be freeing up a bit.)

hethmar

Blimey, there would be a few shocked people on here if it did translate to higher sales

Realy

Generali wrote: »

We'll see how that translates to completed sale prices over the next few months.

If it is true I do not think it will stop drops just more transactions down to realistic pricing.
It could show bigger falls.

chrisandanne

Realy wrote: »

If it is true I do not think it will stop drops just more transactions down to realistic pricing.
It could show bigger falls.

I noticed a spate of sales STC here a couple weeks ago, very obviously down to realistic pricing. So I think there will be an increase in sales but a continuation of prices dropping as you say.

One house just down the road went up for £230k cut to £200k after about 10 days and sold straight away. Only 13% off, but that's the way to get a buyer, instead of chasing the market down with 2k here and there as most people are doing. Also they may have offered less. The two other houses sold here now appearing on the land registry site show an average of 22% below the asking price which had already been reduced. A x

baby_boomer

The average number of sales increased during September, rising from five to six, the National Association of Estate Agents' figures showed.

Of course that could be from 5.499 to 5.501, and explained by a reduction in the number of estate agents and agencies still in business :rotfl:

But perhaps I am being too cynical about the breed?

ad9898_3

EA's can say what they want really, house prices started to fall while we still had economic growth and before the banking collapse of the last couple of months.

We are now in a position of entering a recession, with even the most optimistic economists not seeing any type of real growth this side of mid 2010, add to this the much tighter lending conditions that anyone who has only been in property in the last 10 years will see as abnormal (but which is actually normal). We also know that the housing market can lag behind the real economy for quite sometime.

Of course transactions will rise a little as people price more realistically, I mean in my area on 2 houses were sold in July, I expect this to rise but its a low base to start from. If they sold 4 in August that would be a 100% increase, sounds good but when you look at the figures its still pathetic.

2007 is gone, people need to face up to it.