Breaking News on House Prices

AndrewSmith

Breaking news

- House prices rise for first time in 15 months

House prices have started to rise again for the first time
in 15 months reports the latest Royal Institution of Chartered
Surveyors housing market survey published.

Also, expected is a 0.25% interest rate cut in the first part of 2006.

Source : Mortgage Strategy Magazine Live Updates.

rrwfotr

hmmm I wonder if "Source : Mortgage Strategy Magazine Live Updates" have a vested intrest in making such calims ..... lie's lies and stat's....

AndrewSmith

Err, doubt it as it's not a consumer publication, more targeted towards the industry.

Valid opinion though

meanmachine_2

"In November, 24 per cent of the surveyors and estate agents surveyed by Rics reported that prices had fallen in the preceding three months and 11 per cent said they had risen, giving an unadjusted balance of minus 13 per cent.

However, estate agents tend to be unduly pessimistic in November so the Rics seasonally-adjusted measure turns the negative reading into a positive balance of plus 4 per cent."

Breaking news!!!!! Another report with massaged figures.

lush_walrus

Yep Meanmachine I completely agree, ignore all statistics on everything if you ask me. At the end of the day any statistic can be reordered to show whatever you like, whenever you like.

Everyone looking for a property should just keep to watching the areas they are looking to buy and ignore all the scares of this that and the other. Monitor your area for a month, two months, 10 months and you will see the pattern which will ultimately effect you. If the statistics say all is going up, your area may well still be stable or indeed going down.

AndrewSmith

I love the fact that everyone is as synical about these things as I am.

:xmassign:

:xmastree:

rozeepozee

meanmachine wrote:

"In November, 24 per cent of the surveyors and estate agents surveyed by Rics reported that prices had fallen in the preceding three months and 11 per cent said they had risen, giving an unadjusted balance of minus 13 per cent.

However, estate agents tend to be unduly pessimistic in November so the Rics seasonally-adjusted measure turns the negative reading into a positive balance of plus 4 per cent."

Breaking news!!!!! Another report with massaged figures.

Meanie, good to have you back! I missed you! :snow_grin

tomstickland

I work in a numerate job, but I really struggle to keep track of the housing price trends, and keep reading reports that say it's going up, then another that says it's going down and then remember reading a completely contradictory report 3 weeks previously. It's very confusing. Apart from the Bricks and Mortar Section in the Times.

kinster_2

it may be true it may be not... make up your own mind from facts and stop being so one-sided

wibble68_2

tomstickland wrote:

I work in a numerate job, but I really struggle to keep track of the housing price trends, and keep reading reports that say it's going up, then another that says it's going down and then remember reading a completely contradictory report 3 weeks previously. It's very confusing. Apart from the Bricks and Mortar Section in the Times.

This housing market saga could run for years.

Certain parts of the media seem to be able to turn a
monthly drop in house prices in to something completely
different.

It's all a bit laughable how people are desperate to
talk up the market.

As previous posters have suggested, the only reality of
the situation is what prices are doing in the area you
want to live.

What people think is going to happen in the future isn't
worth knowing.

Everyone has their own agenda.

distilled

It's changing in favour of the seller. January will be the best indicator but visitor numbers are up and prospective purchasers are haggling less.