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MSE News: Halifax: house prices down 1.5% in February
Comments
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Page 4, & still no-one has....
TIMBER!!!!!!!!
It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
I wonder how many banks that have been holding onto repossession will be selling now. The property next to me which has been empty for 9 months is being got ready to market within the next few weeks.
As for prices well they have been going up for months now so one months fall is nothing really. If they continue to fall over the next 2 months then those who think prices only go up may start to panick and we may see more properties coming to market0 -
Last summer a 4 bed detached in my road was up for £285k sold for £277k same house was bought in 2007 for £285k. A 4-bed semi went on market in Jan at £285k it has same layout as detached but is not as big, the detached also had a conservatory so I thought they are pushing their luck but it is already under offer. I know that doesn’t means its sold and I don’t know what the offer is but it was on market for less time than detached.0
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Curiously, the NSA prices are up. £165,997 as against £165,514.
Although I don't think we should use them as it just complicates matters.
So the average house price is actually around £450 higher today than last month. Only the seasonally adjusted numbers show falls. Not the actual numbers you can buy a house for.
That prediction I made for 3 months of price falls this year may have been a tad pessimistic.;)“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”0 -
Well its 4pm, and I missed this thread. Gone are the days that I used to post these results at 9.01am lol. Still it's good to see a little positive news on this front. It looks like in the 7% of postcodes that were rising for Nationwide and Halifax have now turned negative:D.
One months figures matter little though, it's what happens from here on in. In my estimation if the average price now is around £160k, it will be the same or less in 4 years time. The government have got us into a hole that will be very difficult to climb out of, debt wise. And considering the markets are swooping over us like vultures, I expect the unsustainable policies that have promoted this fake recovery in prices to end.
Although QE has halted, Merv's finger is hanging over the print button, will he push it again ?, it will be a brave man that does. If there is a sterling crisis, we could see IR's rise rapidly.0 -
HammerSmashedFace wrote: »Well its 4pm, and I missed this thread. Gone are the days that I used to post these results at 9.01am lol. Still it's good to see a little positive news on this front. It looks like in the 7% of postcodes that were rising for Nationwide and Halifax have now turned negative:D.
y.
I miss you HSF. I hope life is good for you these days
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Signature revision needed, will it happen NOOOOooooo...
Prices dropped, yet they're £450 more than last month????
Hahahahaha....0 -
lostinrates wrote: »I miss you HSF. I hope life is good for you these days
Probably not, he now has a mortgage to pay
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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