Halifax +2.6 % MoM

chucky

Heyman wrote: »

Surprised that unemployment isn't having more of an effect.......yet.

i've always thought this but i'm starting to think that unemployment isn't as an important factor here.

until we see massive drops in retail sales etc... i don't think unemployment is one of the biggest drivers of house prices.

i know historically it has but it doesn't seem to be the case - maybe home owners aren't being impacted as others. just my opinion by the way

mitchaa

Im so tempted to bump late 2008 threads back to the top as i got flamed as did many other bulls with my predictions and estimates.

2009 is going to be far worse:rotfl:But then that would just be childish

I hate to say, but i told you so:p

2.6% MOM is MASSIVE, bears are well and truly in hiding, where is Carol, Foxtons, Pizzagirl and all that lot:D

baileysbattlebus

Graham_Devon wrote: »

I don't think anyone could paint it any differently.

Thats a monumental jump in prices, up around 4% in one month, considering it was -1.7% last month....basically outstripping anything we saw in the boom.

Wonder what the actual reason is? People actually taking notice of green shoots and "buy now before its too late"?

Whatever it is, the bulls have excelled this month.

Don't you think it's more a case of "life goes on".

I think people were paralysed before - although a lot of people saw this coming - an awful lot didn't - including me.

The economy and house prices fell off a cliff - and I think a lot people were worried that the world as they knew it had come to an end. I think they are realising that it hasn't. It might be a different world. Tougher for jobs and finance and taxes in the future maybe. But we haven't turned into Zimbabwe yet or an Argentina in 2002.

You can't put your life on hold forever. I'd be surprised if there were any sustained month on month increases for quite a while yet. But if some people perceive property to be affordable and they get the finance - why wait? Interest rates are decent, if you can get the finance and have a decent deposit, you can probably get a decent longish term fixed rate.

Dan:_4

mitchaa wrote: »

Im so tempted to bump late 2008 threads back to the top as i got flamed as did many other bulls with my predictions and estimates.

2009 is going to be far worse:rotfl:But then that would just be childish

I hate to say, but i told you so:p

2.6% MOM is MASSIVE, bears are well and truly in hiding, where is Carol, Foxtons, Pizzagirl and all that lot:D

There was a poll around xmas time predicting when prices would bottom. I got slated, insulted and laughed at for selecting summer 09.

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Heyman_2

mitchaa wrote: »

2.6% MOM is MASSIVE, bears are well and truly in hiding, where is Carol, Foxtons, Pizzagirl and all that lot:D

To be fair, those guys you mentioned don't post a great deal, whereas the serial bears such as ad and Graham are here and acknowledging the situation!!

I think I would agree with Really2 that this is a spike, I'll only be convinced that something is actually going on when we get at least 3 months of positive MoM figures.

chucky

mitchaa, dan - you're better people than that.

let's not get dragged down to these peoples level.

Dan:_4

Heyman wrote: »

To be fair, those guys you mentioned don't post a great deal, whereas the serial bears such as ad and Graham are here and acknowledging the situation!!

I think I would agree with Really2 that this is a spike, I'll only be convinced that something is actually going on when we get at least 3 months of positive MoM figures.

Carol used to post non-stop on the -1% threads.

SingleSue

Quite a surprising figure but then I haven't really been paying attention to property (asking) prices just recently...been far too busy doing other things!

If I was in the market for a house, I think I would still err on the side of caution though...but then I am rather risk averse.

StevieJ

chucky wrote: »

i've always thought this but i'm starting to think that unemployment isn't as an important factor here.

until we see massive drops in retail sales etc... i don't think unemployment is one of the biggest drivers of house prices.

i know historically it has but it doesn't seem to be the case - maybe home owners aren't being impacted as others. just my opinion by the way

Why should unemployed home owners sell when the govt covers most of the mortgage? Even Max isn't selling and his mortgage is not covered (much to Dopesters chagrin ). The main real pressure will come in the combination of young new householder/newly unemployed.

Heyman_2

Dan: wrote: »

Carol used to post non-stop on the -1% threads.

True, but I haven't seen her around much on her recently and this thread only got posted about an hour ago!

I'm more wondering about the likes of fatpig, geoffky and ad44downey actually