Number Of People Buying Homes Jumps 29%

chucky

ad9898 wrote: »

I think all these figures say is, vendors are going from the delusional stage to the realisation that there house is no longer worth anything like the value of 2007, the evidence ?, the figures are up by 29%, yet house prices are continuing to fall.

that's debatable - dependant on the seasonal factor look at post 10 here

IveSeenTheLight wrote: »

If you look at the Nationwide reports, you'll see that prices actually rose for the last two months, just not by as much as the seasonal adjust thought it should have.

Feb 2009 = £147,746
Mar 2009 = £150,946
Apr 2009 = £151,861

http://www.nationwide.co.uk/hpi/historical/mar_2009.pdf

http://www.nationwide.co.uk/hpi/historical/apr_2009.pdf

ad9898 wrote: »

It seems like the stalemate is coming to an end. Want to buy a house now ??, look at peak prices for the area or street, knock 25% off and put your offer in, if it's refused try another house (hundreds to choose from, because guess what, there is no shortage), eventually you gauranteed to get something 25-30% off peak. There are loads in my area where the asking price is 15% down, and we all know, according to Rightmove that the average selling price is 12% less than the asking price.

Of course, for me, I'd just sooner wait for more falls.

that's you though AD because it suits your circumstances and local area.
many people and quite a few areas are now seeing price rises or price stabilisation taking place. that's if you look at the past couple of months numbers.

25% is ambitious as it all depends on the initial asking price if it's realistic or not and also are prices rising or are they stabilising or still moving downwards.

but as always people should decide on what suits them and what is going on in their local area not what they see on national averages...

thriftybabe

Spoke to housebuilder today who said that they are having a number of cancellations as clients cannot get mortgages. Maybe they were just saying that as i am looking for money from them!

StevieJ

ad9898 wrote: »

I think all these figures say is, vendors are going from the delusional stage to the realisation that there house is no longer worth anything like the value of 2007, the evidence ?, the figures are up by 29%, yet house prices are continuing to fall.

It seems like the stalemate is coming to an end. Want to buy a house now ??, look at peak prices for the area or street, knock 25% off and put your offer in, if it's refused try another house (hundreds to choose from, because guess what, there is no shortage),

Of course, for me, I'd just sooner wait for more falls.

But there is a shortage

tuggy12

Seems to me STR's better get back in sharpish

themanbearpig

Just to put things into context:






RECOVERY!! GET IN WHILE YOU STILL CAN!!!!1

Thrugelmir

StevieJ wrote: »

But there is a shortage

With less demand from Europeans seeking or able to find work in this country maybe not the issue that people think it is.

StevieJ

themanbearpig wrote: »

Just to put things into context:






RECOVERY!! GET IN WHILE YOU STILL CAN!!!!1

Interesting that you start it at 93 not 88

StevieJ

Thrugelmir wrote: »

With less demand from Europeans seeking or able to find work in this country maybe not the issue that people think it is.

Just stating what I see, or don't see, more to the point

ManAtHome

Maybe a bit of a run on the Homebuy cash (this years dosh seems to have lasted around 5 weeks) http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=484865&in_page_id=8

System

themanbearpig wrote: »

Just to put things into context:






RECOVERY!! GET IN WHILE YOU STILL CAN!!!!1

Interesting to see they always rise as sharply as they fall, and that they've just started to rise.