House prices higher than year ago

Dan:_4

Not many on here would have said this was possible 12 months ago.

http://news.bbc.co.uk/1/hi/business/8332861.stm

Hopefully, we will see some small falls over the winter, to enable one last chance for FTBers to buy at a discount.

The_White_Horse

that is good, except they aren't are they. i mean really.

the_ash_and_the_oak

what is your opinion about the FTBs of 2012?

lostinrates

The type of place we are looking at this (in the main) doesn't ring true. But there has been a notable exception.

Incidently I saw someone on another forum saying they had put an offer on and describing the property and the offer. Their offer IS over the peak price paid for this same property.

Dan:_4

the_ash_and_the_oak wrote: »

what is your opinion about the FTBs of 2012?

No different from 1912, 1952, 1982, 2002

StiflersMom

Yup - as a recent FTB (at 34 !!) I hope that others in my situation really take advantage of low interest rates and any softening of house prices to get into the market while there is still time.

Some one asked about the FTBs of 2012 - my advice to anyone currently planning to buy in 2012 is not to hold off that long. House prices will be 15-20% higher then than they are now.

Good luck to everyone trying to buy, by the way

the_ash_and_the_oak

StiflersMom wrote: »

Yup - as a recent FTB (at 34 !!) I hope that others in my situation really take advantage of low interest rates and any softening of house prices to get into the market while there is still time.

Some one asked about the FTBs of 2012 - my advice to anyone currently planning to buy in 2012 is not to hold off that long. House prices will be 15-20% higher then than they are now.

Good luck to everyone trying to buy, by the way

What if the FTB is still at university? What about someone aged 22 only just beginning to save? They may not be able to get one while there is still time?

the_ash_and_the_oak

Dan: wrote: »

No different from 1912, 1952, 1982, 2002

but different from the FTBs over the winter, that will be able to take advantage of a discount?

Dan:_4

the_ash_and_the_oak wrote: »

but different from the FTBs over the winter, that will be able to take advantage of a discount?

It would appear to be a good time to buy. Last time this happened was 1994/95.

StiflersMom

And what happened to the housing market for the next 10 years after that ?

MarsdenCuckoo

Am no expert but would seem to me that this latest little rise is just a blip. When prices go down they never come straight back up but rather 'hover' a little i.e. up a little, down a little, etc., etc. Doesn't matter how much certain people 'talk up' house prices, until the price of a FTB's house is within easy reach of being affordable by a FTB's wage then there's very little chance of any stability in the whole housing market - just my personal opinion.