MSE News: House price rises 'set to stall'

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"House prices rose for the fourth month in a row during November but there are signs the pace of the recovery may ease in the months ahead, research shows today ..."

Read the full story:
House price rises 'set to stall'

HAMISH_MCTAVISH

Well they should be falling already, not just stalling, so sounds like pretty good news to me.:beer:

carolt

Sounds like good news to me, too:

"Prices rose by 0.4% in London during November and by 0.3% in the South West, but all other regions saw gains of just 0.1% or no change. Overall, only 17.6% of postcode areas saw increases during the month.

The group says prices are now higher than they had been six months ago across only 37% of the country, with London and the South East most likely to have postcode areas where prices were now higher at 78% and 50% respectively.

But prices have recovered in fewer than a fifth of postcode areas in the East Midlands, Wales, Yorkshire and the Humber and the North during the past six months.

Property values are now an average of 2.9% lower than they were a year ago across England and Wales, with prices higher in just 2% of postcodes."


Or to put it another way, house prices are now lower than 6 months ago in nearly 2/3 of the country.

And 82.4% of postcode areas saw falls this month alone. :T

PasturesNew

I am still not buying.

JimmyTheWig

I can't see why increases of 0.1% would encourage a rush of sellers into the market. If anything that would encourage me to buy, not sell.
It's not enough of an increase to make selling worthwhile this month if it wasn't last month. But it might suggest to some that they are starting to make their way up. If that's the thinking then we are basically at the bottom of the market and the time is right to buy, not sell!

But I'm sure that these experts know more about it than I do. Why would a 0.1% increase mean a significant increase in sellers?

carolt

PasturesNew wrote: »

I am still not buying.

Me neither.

carolt

JimmyTheWig wrote: »

I can't see why increases of 0.1% would encourage a rush of sellers into the market. If anything that would encourage me to buy, not sell.
It's not enough of an increase to make selling worthwhile this month if it wasn't last month. But it might suggest to some that they are starting to make their way up. If that's the thinking then we are basically at the bottom of the market and the time is right to buy, not sell!

But I'm sure that these experts know more about it than I do. Why would a 0.1% increase mean a significant increase in sellers?

But - see my post - there wasn't a 0.1% increase. 82.6% of areas saw no increase or falls.

I'm potentially a buyer and I can assure you these figures give me no motivation to BUY! BUY! BUY! urgently at all.

phil_b_2

carolt wrote: »

Or to put it another way, house prices are now lower than 6 months ago in nearly 2/3 of the country.

***And 82.4% of postcode areas saw falls this month alone. :T***

carolt wrote: »

But - see my post - there wasn't a 0.1% increase. 82.6% of areas saw no increase or falls.

eh? I'm not sure if you mis-read the article or didnt understand it properly (or are just trying to get the word 'falls' in there), but it said 82.6% saw only a 0.1% increase or no change at all, nothing about 'falls' that I could see.

the majority of that 82.6% may have seen the slight increase.

Considering its almost christmas month and things have risen a tiny bit after recent economic events is pretty astonishing! Still shows an UP trend in prices to me.

carolt

"only 17.6% of postcode areas saw increases during the month".

So most did NOT see a rise. Not even 0.1%.

HAMISH_MCTAVISH

carolt wrote: »

"only 17.6% of postcode areas saw increases during the month".

So most did NOT see a rise. Not even 0.1%.

And equally, most did not see a fall. Not even -0.1%.:D

And I note you still haven't answered the question on the other thread....

What huge cataclysmic event do you think is likely to trigger the huge falls required in Dec, Jan, and Feb so we don't see 10% YoY gains?

lemonjelly

HAMISH_MCTAVISH wrote: »

And equally, most did not see a fall. Not even -0.1%.:D

And I note you still haven't answered the question on the other thread....

What huge cataclysmic event do you think is likely to trigger the huge falls required in Dec, Jan, and Feb so we don't see 10% YoY gains?

Yeah?

Well I'm still waiting for you to answer the questions I posed you on another thread, selective reader you.

& I continue to wait for the apology you owe me.