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Debate House Prices


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You have To Love The BBC and EA - Spring Bounce

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Comments

  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    nembot wrote: »
    The local EA's in the nearest town have a reduced stickers on nearly every property in their window display.

    Not a single one has "Price Increased due to Spring Bounce" why is this?

    Because shops and services always announce and advertise discounted products because it makes people feel as though they are getting a good deal. They would never announce that they are increasing their prices as it would put people off buying.

    This is pretty much the most basic rule in sales. But you know this, right?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    Hello Mr Mctavish

    Are you now expecting prices to fall as there are increased numbers of sellers?
    yet another one that doesn't understand the concept of effective demand
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    yet another one that doesn't understand the concept of effective demand

    Please explain.
    Thanks
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    ILW wrote: »
    Please explain.
    Thanks

    Will all depend on whether those coming to the market need to/are keen to sell and whether they are prepared to accept lower prices.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    ILW wrote: »
    Doesn't increased supply generally lead to a fall in prices? Not sure what is meant by recovery.

    that would depend on how much increased supply there is in relation to increased demand.

    Of course it is better for potential buyers as they will have more choice.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • ILW
    ILW Posts: 18,333 Forumite
    IveSeenTheLight wrote: »
    that would depend on how much increased supply there is in relation to increased demand.

    Of course it is better for potential buyers as they will have more choice.

    I don,t think the article mentioned any increased demand.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    ILW wrote: »
    I don,t think the article mentioned any increased demand.
    According to the NAEA's survey, the average number of homes for sale at each of its member's branches rose from 56 in February to 60 in March.

    At the same time, the number of house hunters registered with each branch went up by 7% last month, to 274 per branch.

    Sales have also risen, the NAEA said, from an average of 6.8 per branch in February to eight last month.

    The above section states that the number of homes for sale (supply) increased.
    It also inferred the number of sales (demand) and the number of house hunters registered (also demand (if they have the adility to pay)) increased
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    chucky wrote: »
    well it is doire... what do you expect...

    i'm still waiting for a reasoned and plausible argument (from any bear person) to justify why price rises with lower than average volumes is not 'real' and aren't valid but price falls with even lower than average volumes are very valid and very realistic.

    come on doire - try and be a man and explain it. go on at least try.

    If you go over my post history from the figures which showed the last price falls it will show i also dismissed them as unreliable data.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    doire wrote: »
    If you go over my post history from the figures which showed the last price falls it will show i also dismissed them as unreliable data.

    So in your opinion, when did the data become unreliable and what level would be the catalist for them to become reliable again?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    Hello Mr Mctavish

    Are you now expecting prices to fall as there are increased numbers of sellers?

    No. They will fall because prices based on 5x income are not sustainable anymore. Those days are gone. FTB are still struggling to get on the ladder and without them there is no foundation
This discussion has been closed.
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