MSE News: Halifax: house prices down 1.5% in February

Rinoa

Graham_Devon wrote: »

We can move on from the graph if you like. Was only bull bait.

But the question of snow effecting completition prices. Can we move on to that?

How does that work?

Does Bob the buyer say "hey up matey, you got some snow on yer roof like, gonna have to offer you less now like". To which seller Wayne says "aye, true like, bit of snow on the roof, tell yer wot, give me 5k less".

Buyer numbers were substantially reduced due to the weather, and large numbers of buyers brought their decision forward to 2009 anyway.

But seller numbers didn't alter, each month only a small percentage is added to total supply.

Same number of sellers, far fewer buyers.

Now you must know what that means.

Graham_Devon

Rinoa wrote: »

Buyer numbers were substantially reduced due to the weather, and large numbers of buyers brought their decision forward to 2009 anyway.

But seller numbers didn't alter, each month only a small percentage is added to total supply.

Same number of sellers, far fewer buyers.

Now you must know what that means.

I know what it could mean.

However, houses are not up for sale usually for a single month, where the seller thinks "ooo, must accept that lower price as it snowed".

Houses are normally up for sale for many months. I struggle to see how the snow could have partly effected actual sale prices so severly in one single month.

I have already stated I see the correlation between approvals and completions.

I would have thought the snow issues would have effected purchase in February after causing disruption in January (less people looking in jan, less people buying/completing in feb). Not cause disruption in the very same month.

chucky

Rinoa wrote: »

Buyer numbers were substantially reduced due to the weather, and large numbers of buyers brought their decision forward to 2009 anyway.

But seller numbers didn't alter, each month only a small percentage is added to total supply.

Same number of sellers, far fewer buyers.

Now you must know what that means.

if this is the case it would pent up demand for the next couple of months.

we will only find out in the next couple of months

Really2

Graham_Devon wrote: »

Saying "it's not solely to blame" simply does not answer the question posed. I'm not asking for you to answer it, anyone will do (I have asked Hamish, what with him being right all the time every time).

I'm putting the question up for discussion.

But I did answer it twice.

Any buyer buying a house between £175K and £125K has 1% less to spend compared to last year.

You know I have answered it yet still carry on trying to bait someone.;)

There are so many things that can effect house prices the weather will be one but can not be blamed for all of the drop.

westv

westv wrote: »

The selfish part of me would like to see a long slow decline until, say, we reach the previous low.

StevieJ wrote: »

What year say 1646, slap bang in the middle of the Civil war

Ok.
You know I meant the one from last year.

Graham_Devon

Really2 wrote: »

But I did answer it twice.

Any buyer buying a house between £175K and £125K has 1% less to spend compared to last year.

You know I have answered it yet still carry on trying to bait someone.;)

There are so many things that can effect house prices the weather will be one but can not be blamed for all of the drop.

Really, you are answering the stamp duty part. I have not mentioned stamp duty.

I have mentioned the weather. If you can't answer that part, thats fine, I already said I'm not directing it at you. But you have said you have answered it twice now, and you simply haven't. I have explained I agree it can not be blamed for the whole drop, and you are yet again telling me it can not be blamed for the whole drop. This is merely circles we are going round now, and as we both know, they can go on forever.

I totally agree with the stamp duty part. But that does not answer the weather part. Look, instead of taking this "how does the snow effect the sale price" question down the silly route it will now go down, how about we simply end the question here and I will start a new thread on it explaining in a bit more detail my thoughts.

Really2

Graham_Devon wrote: »

Really, you are answering the stamp duty part. I have not mentioned stamp duty.

I have mentioned the weather. If you can't answer that part, thats fine, I already said I'm not directing it at you. But you have said you have answered it twice now, and you simply haven't.

Agggh

Really2 wrote: »

There are so many things that can effect house prices the weather will be one but can not be blamed for all of the drop.

People miss deadlines because solicitors are not in because of bad weather, less people view so sellers think any offer is good etc etc.

So Graham means as you are being such a pedant could you answer why prices tend to go up generally in summer.
Do that, revers it and in reallity you have your answer.

Stop having an OCD with snow.

abaxas

So let me get this right..

People see snow and then offer less for a property?

Sersiouly, people dont actually think like that? Do they?

Really2

abaxas wrote: »

So let me get this right..

People see snow and then offer less for a property?

Sersiouly, people dont actually think like that? Do they?

In the world you and Graham process data yes.

Nutrisse

Really2 wrote: »

Oh Jesus

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