Debate House Prices


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House prices dived in June

geoffky
geoffky Posts: 6,835 Forumite
in Debate House Prices & the Economy
Looks like the spring bounce is over and as we go further into the year the falls will start gaining momentum....as predicted by all the bears on here..

House prices took a dip again in June after four months of gradual improvements, fresh data published shows.Britain's biggest property website Rightmove said that the average price dropped by £1,000 in June, 0.4%, to £226,436, compared with a rise of 2.4% in May. Prices are now down 5.5% over the past 12 months




http://www.guardian.co.uk/business/2009/jun/22/house-prices-rightmove-halifax-nationwide
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
«13

Comments

  • GDB2222
    GDB2222 Posts: 26,348 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    0.4% is a dive, now? More like a fluctuation.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Idiophreak
    Idiophreak Posts: 12,024 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    0.4% is a dive, now? More like a fluctuation.

    The 2.4% rise must have been an absolute rocket!
  • MrDT
    MrDT Posts: 951 Forumite
    Asking prices, right?

    Rightmove property price index seems pretty pointless to me.

    I stand by that when asking prices are going down as well as up.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    geoffky wrote: »
    Looks like the spring bounce is over and as we go further into the year the falls will start gaining momentum....as predicted by all the bears on here..

    they've dropped -0.4% but they've "dived". they rise +2.4% and they just "rose".
    geoffky wrote: »
    House prices took a dip again in June after four months of gradual improvements, fresh data published shows.Britain's biggest property website Rightmove said that the average price dropped by £1,000 in June, 0.4%, to £226,436, compared with a rise of 2.4% in May. Prices are now down 5.5% over the past 12 months

    i'm surprised that we're now using asking prices as the source of house prices now?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »


    i'm surprised that we're now using asking prices as the source of house prices now?

    Desperate is as desperate does.......

    (to paraphrase a certain movie)

    Perhaps geoffky is worried about missing the boat again.......

    RUN, geoffky, RUN!!!!!!:rotfl:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Quite right Hamish! - Asking prices are an acceptable guide to the state of the market. A lot of bears knock them , but I don't.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    According to the threads on this board house prices are both rising and falling at the same times. Surely this must delight both bear and bull alike?
  • carolt
    carolt Posts: 8,531 Forumite
    I'd like to bump this important and interesting thread.

    Thanks OP.
  • skap7309
    skap7309 Posts: 874 Forumite
    ruggedtoast wrote: »
    According to the threads on this board house prices are both rising and falling at the same times. Surely this must delight both bear and bull alike?

    Ouch, a bit like when women say football is only a game.....:rotfl:
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    skap7309 wrote: »
    Ouch, a bit like when women say football is only a game.....:rotfl:

    !!!!!! dont even attempt to describe the off-side rule either.
    Official MR B fan club,dont go............................
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