Home sales rise by 5.4% last month!

Cat695

well untill banks start lending 100% mortgages again then I think you'll find that there isn't going to be a rise in prices as alot people can still not get a mortgage.

as the link also says prices are STILL falling.

skap7309

Happy_saver wrote: »

Wow what a load of doom & gloom merchants here. Try and be positive rather than negative - you may enjoy life a little better :j Far better than prices continuing to fall and the number of buyers continuing to diminish. :rotfl:.

Please - i am a FTB i am being positive!

Lower prices are excellent news and without people like myself houses would not sell at all due to no chains being formed - please remeber that. :rolleyes:
The lower prices fall the better for everyone. :beer:

hethmar

Not really skap, think about the poor sods who bought during the peak time and who will be trapped in a house they cant sell. Think about elderly people who havent been able to afford to save for a pension but have beleived they could down size to get a comfortable old age. Its not all rosey to have huge price drops.

Cat695

But in the same breath hethmar if house prices shoot up again and even double what they are now people can't sell them so stuck in the same boat.

The banks decide at the end of the day what we can pay for a house and at the moment they are saying "not alot"

Soot2006

skap7309 wrote: »

Please - i am a FTB i am being positive!

Lower prices are excellent news and without people like myself houses would not sell at all due to no chains being formed - please remeber that. :rolleyes:
The lower prices fall the better for everyone. :beer:

Oh you take the words from my mouth .
We are very positive here ... and watching the house prices through Property Bee I am smiling at the % of purchase price my deposit is gaining without me having to lift a finger. Barring a complete collapse of all banks, next year will be good for the Bears .

hethmar

Not arguing that Cat, just pointing out that its isnt true that "the lower prices fall, the better for every one"

Cat695

hethmar wrote: »

Not arguing that Cat, just pointing out that its isnt true that "the lower prices fall, the better for every one"

point taken mate

I don't think there is ever a point that both sellers and buyers are happy

pickledpink

hethmar wrote: »

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.

Well at least someone has some foresight on here and is clued up!!

The problem with a lot of people is they are greedy and will continue to hold back until they miss the next boat again. Just like all those who did in the 80s and 90s.:money:

Ron2256

pickledpink wrote: »

Well at least someone has some foresight on here and is clued up!!

The problem with a lot of sellers is they are greedy and will continue to hold back until they miss the next boat again. Just like all those who did in the 80s and 90s.:money:

I've corrected your last post. I know it's monday and a mistake is easily done.:D

pinkshoes

Given that the price falls are based on only a tiny number of houses selling (many reposessions), it hardly makes for comparable statistics.

A 5.4% rise in sales is your typical EA selling perhaps 55 houses a year instead of 52. Over a year ago they sold perhaps 2300 in a year!

I do think there's some good bargains to be had now. It really depends what "help" the government decides to give those who can't afford their mortgages, which could mean less repo bargains up for grabs.