This so called rise in house prices...

halight

tomstickland wrote: »

When the original asking prices are in line with what they were 2 years ago.


Edit: Oh dear, I seem to have stirred up something here.
I'll simplify the text for you:


"In my locality houses are selling for less this year than they did 2 years ago."

That was 2007 mate, 2007 was the top of the market:T
so what are you saying that house prices are back at there all time highs???

Am i right

zappahey

Deleted_User wrote: »

But the EA suggested that we put the house on the market as soon as we're ready.

Not wishing to participate in customary EA bashing, but he would say that wouldn't he. His interest is in getting you on the books as an income stream* and potential sale, not necessarily getting the best price for you.

*Is it still the case that you pay for advertising and schedules north of the border?

Cannon_Fodder

Strange how the "1 line quibblers", as I think of the usual suspects, know when to employ the "don't rely on national stats" argument when it suits them in other threads...for most of eighteen months of falling prices, iirc...

Hamish was not around for most of that period, so maybe he gets let off. But the rest, whilst bemoaning the "circular arguments" and "same old debates" are the ones most often perpetuating them, switching their stance to counter whats been said, rather than engaging with it.

...meantime on this thread no-one has acknowledged that the OP was talking about his locality/area in this thread, and as his location is in his profile someone could have grabbed Rightmove or Haliwide for the area, but no they just banged on about national stats being more important.

Nice chart chucky, but you know Rightmove has negative areas still...I haven't looked to see if Tom's area is or is not, so not arguing he is right...

Just observing the usual failure of some people to concede the "possibility" that just because they don't see or experience something for themselves doesn't mean it hasn't happened or isn't happening.

If the Scotch or Londoners have no desire to contribute to a location specific thread, thats fine. But it would be nice for the OP to not be taken off topic.

And as for "asking prices have nothing to do with house prices" - god, what a larf!!!!!!!...bulls jumped on rightmove announcements to show the direction of future trends, in a heartbeat.

Those who feel they are doing others a service by putting them straight need to widen their targets to help those on the other side of the fence who make contradictory statements all the time.

chucky

as the OP is using Property Bee in conjunction with Rightmove asking prices i suggest that he checks the Rightmove index for his area

i'd rather rely on the same data from Rightmove instead of some home created house price index... do you think he mix adjusted his home creation?

we've seen these 'anecdotal' threads all before even the ones that claim that Rightmove and the Land Registry are fiddling the figures... none have proved what they are saying..

tomstickland

chucky wrote: »

putting your view in font size 48 doesn't make you're point any clearer but actually makes you seem more desperate and even that little bit more simple because you've changed your mind in the matter of 8 posts..

I've not changed my mind. I'm not desperate either. I just wished to draw attention to my point.

tomstickland

HAMISH_MCTAVISH wrote: »

It's mildly annoying that every single time the national indices, which are based on actual sold prices, show a rise, somebody wants to come along and desperately bleat about "prices aren't rising, property bee says so"..

I've said several times "for properties in my local area that I'm looking at. Under £150K".
The national average might well be rising, which just means that in some other area prices of sold properties have risen.
Do you have the data for the quantity of transactions per month over the last 2 years?

chucky

tomstickland wrote: »

I've not changed my mind. I'm not desperate either. I just wished to draw attention to my point.

you forgot to mention that you changed your point half way through the thread from comparing house prices in the last year then changing it two years ago.

by all means you're allowed to change your mind but don't pretend that you didn't do it when your initial point has been discredited...

tomstickland wrote: »

This so called rise in house prices over the last year.
Looks a bit thin on the ground when looking in my local area on Rightmove with Property Bee. I'd say that 90% of the properties I've looked at (under £150K) have a series of price reductions showing. Some by 25%.

tomstickland wrote: »

When the original asking prices are in line with what they were 2 years ago.

Davesnave

Joeskeppi wrote: »

I wouldn't really class this thread as bullying, people should be grateful that they're being put straight if anything.

It is the way the OP is being 'put straight' that I'm taking issue with.

So far as I can see, he is simply suggesting that the national indices, of which we are all well aware, don't seem to be reflected in his experience on the ground. To an extent, I can see that too. Yes, his post is anecdotal, but I don't see any 'bleating,' his experience isn't 'rubbish,' nor should he be labelled as 'not too bright' for honestly reporting things as he sees them.

People in the market for property may look at your precious indices, but in the vast majority of cases they look on-line/in the media at their local area and compare with what they remember from one or two years ago. Yes, it's fraught with inaccuracy, but it's still what folks do.

And doing the same kind of thing for an area I know, in the price range I'm familiar with, it does seem to me that b*gger-all has happened in the past 18 months price-wise.

tomstickland

halight wrote: »

That was 2007 mate, 2007 was the top of the market:T
so what are you saying that house prices are back at there all time highs???

Am i right

Er, I thought it was obvious that I saw saying that they're lower than then!

IveSeenTheLight

Cannon_Fodder wrote: »

...meantime on this thread no-one has acknowledged that the OP was talking about his locality/area in this thread, and as his location is in his profile someone could have grabbed Rightmove or Haliwide for the area, but no they just banged on about national stats being more important.

I have never said that the local area may still be showing falls.
My point was referring to asking prices meaning nothing when it comes to actual sales prices

Cannon_Fodder wrote: »

If the Scotch or Londoners have no desire to contribute to a location specific thread, thats fine. But it would be nice for the OP to not be taken off topic.

It's totally ok to discuss local specific thread, nothing against it, in fact I always say that people should be looking at local markets

Cannon_Fodder wrote: »

And as for "asking prices have nothing to do with house prices" - god, what a larf!!!!!!!...bulls jumped on rightmove announcements to show the direction of future trends, in a heartbeat.

Not me, I have always said that the rightmove / propertybee index was insignificant.