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Debate House Prices


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House Prices to recover more strongly than expected..

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cannon_Fodder wrote: »
    A higher % of sales to FTBs is likely to be partly down to two years of saving deposits...and partly because the usual 2TB and 3TB properties have been staying in denial on price, and therefore not selling...

    Once the summer bounce gets those owners to come to market thinking everything is hunky-dorey, only to experience the reality of fewer viewers and lower offers than they expected, that denial may well turn to Bargaining and Acceptance...

    So I take it you also have no idea whether 36% of sales going to FTB's is more or less than it was at peak?

    Just thought it might be relevant..... :whistle:
    “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”
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    According to classic supply and demand theory, more houses on the market means prices should drop further.


    Great news.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    So I take it you also have no idea whether 36% of sales going to FTB's is more or less than it was at peak?

    Just thought it might be relevant..... :whistle:
    It's not relevant. There can't be so many BTLers any more, surely. So many % wise more FTB's. Means nothing. Markets doomed. No point in quibbling about a % here and there when the next couple of years is going to play havoc with your beloved trend line.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nearlynew wrote: »
    According to classic supply and demand theory, more houses on the market means prices should drop further.


    Great news.

    Depends how many more houses come on.

    It could just as easily result in prices rising less quickly.

    Or prices stagnating while volume increases and momentum builds for the next leg up.

    But I do tend to agree prices will fall back a bit over winter.
    “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”
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    HAMISH_MCTAVISH wrote: »
    But I do tend to agree prices will fall back a bit over winter.

    It's gonna be long winter McTittish.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I thought lack of homes held prices up. That's been the saying for a while ow on here.

    Now, more houses on the market = house prices up.

    Wow, now thats the biz to be in!
  • shakerbaby
    shakerbaby Posts: 413 Forumite
    Graham_Devon wrote: »
    I thought lack of homes held prices up. That's been the saying for a while ow on here.

    Now, more houses on the market = house prices up.

    Wow, now thats the biz to be in!

    House prices only ever go up dontchaknow.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    I thought lack of homes held prices up. That's been the saying for a while ow on here.

    Now, more houses on the market = house prices up.

    Wow, now thats the biz to be in!

    No, bears were saying that a lack of homes/sales should reduce prices as the majority of these would be forced sales ie. repos, divorce and death.
    '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 Thatcher
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    StevieJ wrote: »
    No, bears were saying that a lack of homes/sales should reduce prices as the majority of these would be forced sales ie. repos, divorce and death.
    Don't forget margin calls and suicides.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    HAMISH_MCTAVISH wrote: »
    So I take it you also have no idea whether 36% of sales going to FTB's is more or less than it was at peak?

    Just thought it might be relevant..... :whistle:


    Can I recommend a useful source of information...




















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