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Home sales rise by 5.4% last month!
Happy_saver_4
Posts: 682 Forumite
At last it could be some good news for sellers.
According to Hometrack improving house sales figures.
CLICK HERE to see full press association article
According to Hometrack improving house sales figures.
CLICK HERE to see full press association article
You don't stop laughing because you grow old, You grow old because you stop laughing
" Large print giveth - small print taketh away. "
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Comments
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Why? It looks like prices will drop by another 20% by year end 2009.0
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Happy_saver wrote: »At last it could be some good news for sellers.
According to Hometrack improving house sales figures.
CLICK HERE to see full press association article
Well people will ALWAYS need somewhere to live and now that prices have fallen people are starting to snasp up the bargains.;)0 -
Up 5.4% on a figure that was down 98% on 12 months ago.
Great, so sales are now only 97.8% down on what they were 12 months ago...:rolleyes:
ie, for every house sold last month, over 45 were sold this time last year.British Ex-pat in British Columbia!0 -
I think you are not looking past the headline.....
If you read carefully it is down to sellers becoming more realistic and accepting lower offers. This does not imply that buyers are returning in droves and the crash is over - far from it. Also, while 5.4% might seem like a nice figure, the stats for completed sales have been truely woeful recentley so it would not take much to up this figure by any percentage.0 -
I think you are not looking past the headline.....
If you read carefully it is down to sellers becoming more realistic and accepting lower offers. This does not imply that buyers are returning in droves and the crash is over - far from it. Also, while 5.4% might seem like a nice figure, the stats for completed sales have been truely woeful recentley so it would not take much to up this figure by any percentage.
But it neans property sales rose in the last month! Or can you not comprehend that?:rolleyes:0 -
pickledpink wrote: »But it neans property sales rose in the last month! Or can you not comprehend that?:rolleyes:
I think you are missing the point.
Of course they did, good for you sellers. :j :beer:
However people who thought they would get over-inflated asking prices are thinking again to get the sale. Previously turned down offers are being accepted and if it is 15-20% below asking then so be it. :rolleyes:0 -
That is interesting news.Appreciate the sales are due to people accepting more realistic prices people, but they are still sales . I am getting a little concerned now that some people may wait too long for the bottoming out - keep vigilant you FTB. I am not talking up the market but it seems so many have negative or unrealistic expectations of this crash. Keep your eyes skinned for any changes in the market guys.0
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Prices drop.
Bull trap.
Pickles gets excited.
Next month, back to reality.
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Im beginning to feel like Horse in hat man here-
Right, must do some work.0 -
Wow what a load of doom & gloom merchants here. Try and be positive rather than negative - you may enjoy life a little better :j
Yes, prices are down but more people are buying than the previous month which is good news. Far better than prices continuing to fall and the number of buyers continuing to diminish. :rotfl:.You don't stop laughing because you grow old, You grow old because you stop laughing" Large print giveth - small print taketh away. "0
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