MSE News: Halifax - House prices rebound after fall

Graham_Devon

Eton_Rifle wrote: »

You're not seeing adverts or watching lifestyles that stimulate your spending.

If you don't see it, you don't want it.

Even if I see it, I don't usually want it.

Depends what I'm seeing

Emy1501

http://www.ft.com/cms/s/2/8764b03e-43f6-11df-9235-00144feab49a.html

House prices rose in March following a decline in February but property experts have warned that national house price indices have become “meaningless” in the current environment.

chucky

i'd do a bit of research to find out who made that quote... they're not exactly going to be talking the market up...

but seeing that we're selectively quoting - here's from the same article from people who are interested in the number of transactions not the value of property...

“We know that homebuyers hate to compromise when it comes to finding their ideal home and when good properties become available the demand is intense – this forces prices up,” said Nigel Lewis of FindaProperty.com.

Emy1501

chucky wrote: »

i'd do a bit of research to find out who made that quote... they're not exactly going to be talking the market up...

but seeing that we're selectively quoting - here's from the same article from people who are interested in the number of transactions not the value of property...

The number of homes being sold and mortgage approvals remain low and until these improve the market will remain on shaky ground, he said.

Above is the rest of the quote from the guy from find a property. His comments suggest that only the best properties are selling these properties are thin on the ground and therefore prices are being pushed higher as rubbish is not selling like it would have at the bottom.

Its similar to the bottom. Figures suggested somewhere between 20-25% off peak but in reality you could not get really anything more than 10-15% of most decent property but as these properties were not selling the figures were distorted.

SteveV2

Graham_Devon wrote: »

Your figures make your point.

But can you use real figures? I.e. 157k - 168k.

The percentages will then change.

I won't argue about the £500 deposit saving each month, personally I think that's a little over optimistic for the average person to be saving. But we'll go with it.

If an average person can't save £500 a month then they might aswell give up, they'll never afford a mortgage. Renters maybe but FTB, no chance.