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

chucky

i personally don't think the weather took much away from these numbers apart from the delay between Instruction, Survey to Mortgage Offer which would make this process longer and is what Really is trying to say (I think).

much of the future demand for Jan and Feb (slow months anyway) was taken in Dec and Nov hence the "highish" numbers in Nov.

Graham_Devon

Really2 wrote: »

Agggh

Argh indeed!

Graham_Devon wrote: »

It's not just blamed on the weather no. And have never said it is.

But the weather does hold SOME blame.

Graham_Devon wrote: »

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.

Round and round and round we go.

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.

Is that answering a question with a question? If you can't answer it, DON'T answer! Just don't respond. Simple.

Last post on this thread asking a valid question about how the snow effects the sale prices in the same month before it starts getting childish. It clearly cannot be answered, but has been used as a reason on both the nationwide and halifax threads.

Pete111

I suspect what most people are thinking is 'Big monthly Drop but it was February (and yes a horrible one for weather) when prices typically fall back'

The next 2 or 3 months will set the tone for 2010 methinks. If we are still falling as we move into May/June then it will be a year for the bears.

Either way, and having thought about this some. Whilst rises would certainly suit me, the price of my house/flat can pretty much do what they like for the next few years.

Pete111

Nutrisse wrote: »

[SIZE=+1]Abuse Report Received [#641996][/SIZE]

Budda! Mohammed! Vishnu!

Really2

chucky wrote: »

i personally don't think the weather took much away from these numbers apart from the delay between Instruction, Survey to Mortgage Offer which would make this process longer and is what Really is trying to say (I think).

much of the future demand for Jan and Feb (slow months anyway) was taken in Dec and Nov hence the "highish" numbers in Nov.

Exactly the snow just caused a depressed market but was not the cause of a 1.5% fall.

neas

I love hamish... if houses do continue to fall i'd have the biggest smug grin on my face anyone could ever have made...

And i'd say

"Hey Hamish.... you nutter!"

Having someone blinded by bias totally proved wrong.. is a good thing to witness.

Then again give it 20 years and he will prove back to himself he was right and houses did get higher and double and triple etc .

Thrugelmir

Really2 wrote: »

Not sure on that most people delay putting houses on the market until after Christmas.
But for sure a lot more have put them on this year than this time last year.

Thats the basis of my point. Both December and January have seen an increase in property being marketed for sale. Not a normal trend. So reflects the difficult economic times that exist in many parts of the country.

Really2

Thrugelmir wrote: »

Thats the basis of my point. Both December and January have seen an increase in property being marketed for sale. Not a normal trend. So reflects the difficult economic times that exist in many parts of the country.

Or put off selling when prices fell and they now believe prices have now risen sufficiently to market?

Unless you think last year was normal for people marketing property?

I thought it was widely accepted people were holding back selling last year and the economic circumstances were far worse then.

So in reality for your summery to be true more should have been put on the market last year than in 2007 and 2008.

Really2

Graham_Devon wrote: »

Those things do NOT effect completition prices. Blimey, no sale I know has gone through within a month.

A missed deadline = house worth less?

Thats a sensible answer? if it was so sensible, you wouldn't have felt the need to start getting all the offensive language out and accuse me of having a strop.

EG

Stamp duty deadline missed. Purchased delayed by buyer getting new mortgage to cover extra cost asks seller to contribute
or seller takes 1% lower to cover stamp duty but new paperwork has to be drawn up mortgage etc etc.

Graham leave it for the sake of the thread, you have gone absolutely nuts trying to make out people are saying the fall is down to the snow.
No one has said that but have said it has help depress the market and could be contributory.

I can't be the only person fed up with this kind of these stupid 1 dimensional questions and then your refusal to acknowledge any answer.

PS
Oh you deleted it, I don't blame you.

Graham_Devon

I didn't actually delete it.

I presume a mod has.