Debate House Prices


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MSE News: Upturn in number of homes for sale, surveyors say

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

"The shortage of homes on the market began to ease last month as more properties were available to buyers ..."

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Comments

  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    Combo Breaker First Post Mortgage-free Glee!
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    Will an increase in available properties lead to any reduction in asking prices, or any other market increases?
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Generali
    Generali Posts: 36,411 Forumite
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    lemonjelly wrote: »
    Will an increase in available properties lead to any reduction in asking prices, or any other market increases?

    An economist would say that as prices increase, quantity supplied increases.

    Prices have risen....
  • chucky
    chucky Posts: 15,170 Forumite
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    lemonjelly wrote: »
    Will an increase in available properties lead to any reduction in asking prices, or any other market increases?
    look up aggregate and effective demand - will give you an idea :)
  • westv
    westv Posts: 6,084 Forumite
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    Generali wrote: »
    An economist would say that as prices increase, quantity supplied increases.

    Prices have risen....

    I thought they fell about 1% last month.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
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    Generali wrote: »
    An economist would say that as prices increase, quantity supplied increases.

    Prices have risen....

    I agree. But will an increase in supply lead to a corresponding fall in price?;)
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Generali
    Generali Posts: 36,411 Forumite
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    westv wrote: »
    I thought they fell about 1% last month.

    Monthly numbers are pretty noisy.

    If we look at the broader picture for the past couple of years, house prices fell pretty fast for a year then stabilised and then rose a little bit in the next year. Supply collapsed (or seemed to IMO) during the fall and is apparently increasing now.
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
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    People "getting out" whilst they still can?
    I get the feeling we are witnessing the tide going out................ Before the Tsunami.
  • Generali
    Generali Posts: 36,411 Forumite
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    DaddyBear wrote: »
    People "getting out" whilst they still can?
    I get the feeling we are witnessing the tide going out................ Before the Tsunami.


    I don't agree with your apocalyptic language but I think house prices will be lower in real terms in 3 years time than they are now.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
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    DaddyBear wrote: »
    People "getting out" whilst they still can?
    I get the feeling we are witnessing the tide going out................ Before the Tsunami.

    I certainly hope so!
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • chucky
    chucky Posts: 15,170 Forumite
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    DaddyBear wrote: »
    People "getting out" whilst they still can?
    I get the feeling we are witnessing the tide going out................ Before the Tsunami.
    are you sure?

    do you think that they might just be trying to sell and buy to move somewhere else or even upgrade to a bigger property...
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