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Acadametrics: House prices just 5.9% below Peak
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.mortgagestrategy.co.uk/economy/house-sales-leap-20-in-june/1014890.article
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Not me Hamish, I've never heard of it. I prefer to assess the feel of the local market (because I don't really care much about Aberdeen, sorry) by occasionally dipping into Property Bee. Now a few years ago there was nothing under a hundred grand, no doer uppers, no BTL 'opportunities' and most stock was moving. Very different these days and that is what I base my personal assessment on.HAMISH_MCTAVISH wrote: »http://www.mortgagestrategy.co.uk/economy/house-sales-leap-20-in-june/1014890.article
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D0 -
HAMISH_MCTAVISH wrote: »http://www.mortgagestrategy.co.uk/economy/house-sales-leap-20-in-june/1014890.article
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D
Don't think so. Maybe one singular person.
This one has always been regarded as way out hasn't it, by bear, bull and "normal" people.0 -
HAMISH_MCTAVISH wrote: »http://www.mortgagestrategy.co.uk/economy/house-sales-leap-20-in-june/1014890.article
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D
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Graham_Devon wrote: »Don't think so. Maybe one singular person.
This one has always been regarded as way out hasn't it, by bear, bull and "normal" people.
Ahhhh......
That explains why carolt thought enough of it to bold the bit below......Average house prices fell for the third month in a row during May, according to the Acadametrics index, the only measure which uses actual prices for every property transacted in England and Wales rather than valuation estimates or asking prices.
“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 -
straws
Says the bear who saw house prices rising so quickly he went out and bought one....:D“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 -
Full report: http://www.acadametrics.co.uk/LSL%20Acad%20HPI%20News%20Release%20June%2010.pdf
- Prices down for the fourth month in a row, down 0.5% in June.
- Average house has lost over £5k in value since February.
- Number of house sales 40% below the long-term average.
How exactly are you spinning this as good news, Hamish?poppy100 -
Now Hamish, don't spoil your own excellent thread. As far as I can gather some survey says house prices are up or down and they give an actual percentage. Fascinating, and if only there were more threads like this, say about 20 a day would be good.HAMISH_MCTAVISH wrote: »Says the bear who saw house prices rising so quickly he went out and bought one....:D0 -
Yep, and now she can update it toHAMISH_MCTAVISH wrote: »Ahhhh......
That explains why carolt thought enough of it to bold the bit below......Average house prices fell for the third month in a row during May, according to the Acadametrics index, the only measure which uses actual prices for every property transacted in England and Wales rather than valuation estimates or asking prices.
What is your problem again?Average house prices fell for the fourth month in a row during June, according to the Acadametrics index, the only measure which uses actual prices for every property transacted in England and Wales rather than valuation estimates or asking pricespoppy100 -
Acadametrics
Mar - 0.5%
Apr - 0.7%
May - 0.2%
Jun -0.5%
http://www.acadametrics.co.uk/acadHousePrices.php
So that is 4 months in a row now that prices have fallen according to Acadametrics.
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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HAMISH_MCTAVISH wrote: »http://www.mortgagestrategy.co.uk/economy/house-sales-leap-20-in-june/1014890.article
Isn't this the index recently lauded by the bears as the most accurate when it showed some miniscule falls....:D
Whats happened to your sig McHamish? Not looking so healthy so you got rid of it?Debt Is Slavery.0
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