Debate House Prices


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MSE News: Halifax: housing shortage boosts prices

edited 8 December 2009 at 11:09AM in Debate House Prices & the Economy
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Former_MSE_GuyFormer_MSE_Guy Former MSE
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edited 8 December 2009 at 11:09AM in Debate House Prices & the Economy
This is the discussion thread for the following MSE News Story:

"House prices rose for the fifth month in a row during November due to a shortage of homes for sale, figures showed today ..."

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These threads have been merged to avoid duplication. Thanks to HAMISH_MCTAVISH for the original post.
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Replies

  • HAMISH_MCTAVISHHAMISH_MCTAVISH Forumite
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    As per title.

    Link shortly.
    “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”
  • SystemSystem Forumite, Community Admin
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    You've got to be joking
  • HAMISH_MCTAVISHHAMISH_MCTAVISH Forumite
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    House prices rose by a faster-than-expected 1.4 percent in November, driven by somewhat higher demand and a low level of properties for sale, mortgage lender Halifax said on Tuesday.

    Compared to a year ago, prices in the three months to November were 1.6 percent lower, up significantly from a maximum annual rate of decline of 17.7 percent in April.


    Halifax said that house prices were likely to be flat in 2010, with prospects determined by how the economy develops and whether there is a big rise in the number of properties for sale.


    Economists had forecast that house prices would rise 0.5 percent in November, reducing the year-on-year decline for the three months to November to 1.5 percent
    http://www.execdigital.co.uk/November-house-prices-rise_39589.aspx

    Interesting.

    3 times bigger than forecast.

    Halifax is catching up with Nationwide quickly.
    “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”
  • JonbvnJonbvn Forumite
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    Wow!

    Although I am a fence-sitter on HPI/C, what happened to the "cold depth of winter" falls?

    BTW, can someone post an nice graph of this please?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Joeskeppi wrote: »
    You've got to be joking

    a positive 1.4% in those long dark winter months...

    what will it be like in the spring :rolleyes:
  • SingleSueSingleSue Forumite
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    Actually, I am not surprised by it....no data to back me up, it was just a feeling it would be a good positive.

    Not that it is really showing around here mind.
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • edited 8 December 2009 at 10:35AM
    Emy1501Emy1501 Forumite
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    edited 8 December 2009 at 10:35AM
    Jonbvn wrote: »
    Wow!

    Although I am a fence-sitter on HPI/C, what happened to the "cold depth of winter" falls?

    BTW, can someone post an nice graph of this please?

    Its a bit of a myth that prices fall in the winter. Sales numbers tend to be down but prices can rise or fall at anytime of the year.

    Not surprised that the figure is up though. Based on what I'm see round my way it would be Dec/Jan before we would see any falls if we see any.
  • edited 8 December 2009 at 10:53AM
    JonbvnJonbvn Forumite
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    edited 8 December 2009 at 10:53AM
    Emy1501 wrote: »
    Its a bit of a myth that prices fall in the winter. Sales numbers tend to be down but prices can rise or fall at anytime of the year.

    When prices first started rising earlier this year, a lot of the perma-bears were hanging their hats on the "depths of winter".

    BTW, I almost forgot about the 70% drops by Xmas:rotfl:

    According to HPC these figures are now propoganda!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Emy1501Emy1501 Forumite
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    Jonbvn wrote: »
    When prices first started rising earlier this year, a lot of the perma-bears were hanging their hats on the "depths of winter".

    BTW, I almost forgot about the 70% drops by Xmas:rotfl:

    Once interest rates dropped to near zero and the government put a stop to repo's etc there was always going to be a bounce. Most though thought this would run out of steam by the summer which clearly it has not.

    The number of new buyers/Seller entering the market for Jan/Feb will imo be the marker of where the market is going next year.

    70% falls were always a load of rubbish!
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