House prices to fall - rising supply levels and falling demand point 1 way only

mramra

Thread Title: House prices to fall - rising supply levels and falling demand point 1 way only

carolt wrote: »

He added: “We forecast that prices in 2010 would end up broadly flat

:think:

shane42

personally i dont care if prices go up, down or stay the same,
because i live in my house

carolt

mramra wrote: »

Thread Title: House prices to fall - rising supply levels and falling demand point 1 way only



:think:

Are you hard of understanding? You may not have noticed, but we're in very nearly the middle of the year. And prices have risen a little.

So the article is saying they're now going to fall a little.

There. Is that clear or would you like to get your mummy to explain it to you?

carolt

Harry_Powell wrote: »

carolt, where do you think all these sellers are going to live when they sell their houses?

I think the point is, Harry, that they're not all going to sell their houses.

The few who do will presumably 'swap' houses, so to speak, as is usually the case. Except for a few who no longer need them as they're emigrating/moving into a home/dead.

Kind of like it is always, really.

And your point was...?

mramra

Mysteriously, carolt seems to have accidentally missed off the final paragraph of the article:

In other figures released today, mortgage lending increased by 45 per cent year on year in March, making it the ninth consecutive month of year-on-year growth, according to the Council of Mortgage Lenders

carolt

Did mummy help you write that?

She missed the point that that is looking backward - the prediction is that house prices will fall going forwards.

If I italicise all the important words, will that make it easier for you?

mramra

carolt wrote: »

Are you hard of understanding?

When it comes to making any sense of your posts, I frequently find myself hard of understanding.

carolt

Ask mummy. Maybe she can explain them in ultra-simple language.

Is it time for your nap yet, dear?

Emy1501

Harry_Powell wrote: »

carolt, where do you think all these sellers are going to live when they sell their houses?

The Falls if the come will start at the bottom. FTB’s are dwindling therefore more people trying to sell at the bottom to less buyers means likely falls. If people at the bottom have to accept lower prices then they have less money to trade up etc. The same happened in early/mid 2007.

Also in my areas I would say 10-15% of the properties for sale are empty or no chain etc. I know 4 people selling at the moment. 1 selling a second home, 2 are moving back in with parents are splitting up and 1 is selling for schooling purposes and will be buying again.

Blacklight

carolt wrote: »

Are you hard of understanding? You may not have noticed, but we're in very nearly the middle of the year.

There was me just finishing my sums for month one. Must check that wall planner of mine, might be broken.