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Debate House Prices
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I hate you Northerners.
Comments
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chewmylegoff wrote: »aren't halliwide figures based on the mortgage approved, adjusted by the LTV ratio? i have no clue i just assume that they are given that they are figures published by the mortgage lender and therefore would have nothing to do (and perhaps no knowledge of) the seller's asking price.
it's rightmove that bases its figures on asking prices isn't it?
yes, only mortgage approvals and that is only 23% of the mortgage market and obviously doesn't include cash sales.0 -
deffo if i was on the market for that time and wanted to move i could afford to drop but its obvious people who bought not long ago dont have that option.
yes - if you are in negative equity you will have to wait until you can sell at a better price or get hit by a loss.
especially hard hit are those that have properties that aren't great or would only appeal to a selective market.0 -
I agree on that it is the only figures that do the whole of the country and every house.
But it doesn't! Thats my only issue with LR figures (in fact, in all other trms I agree they ar better) but EVERY house and whole of market includes repos etc and discounts the newbuild cashback and 6 for the price of four offers. Now if a whol of market sale price index were a available all this wondering wher the whole picture scenario was (itwould obviously have to be somewhat retrospective as LR figures are) could be put to bed.
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I agree on that it is the only figures that do the whole of the country and every house.
They don't do every house, though.
They do register them, but their stats exclude all sorts of places, such as those sold at auction....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Haliwide are asking prices (as far as I am aware) most on this board say that asking prices are well cut into these days, so why bother with them? may as well use LR actual selling prices.
Haliwide are not asking prices, they are completion prices....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
yes, only mortgage approvals and that is only 23% of the mortgage market and obviously doesn't include cash sales.
23% of the market is a very healthy statistical sample, though.
Obviously the figures have flaws, but sample size isn't really one of them, surely?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »23% of the market is a very healthy statistical sample, though.
Obviously the figures have flaws, but sample size isn't really one of them, surely?
it depends how you look at it - some may say that missing 77% of the market is not a good indication.
i should have added that Halifax are slightly regional too.
for me this sample size is good - it only measure mortgages approvals (not completions I believe) and tells me what I need to know as far as these numbers go.
none of the Halifax, Nationwide or Land Registry give you a clear picture but all provide an insight.0 -
neverdespairgirl wrote: »They don't do every house, though.
They do register them, but their stats exclude all sorts of places, such as those sold at auction.
I know that but so do halifax and nationwide.
It covers more sales than any other HPI mesure. 0 -
neverdespairgirl wrote: »Haliwide are not asking prices, they are completion prices.
So they are more or less the same figures as the LR just 3 months advanced and only 23% of total?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
it depends how you look at it - some may say that missing 77% of the market is not a good indication.
Political polls tend to question 2,000 people as to who they would vote for, and aren't much out....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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