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Debate House Prices


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House prices fell by 0.5% in July - Nationwide

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Comments

  • Doctor_Gloom
    Doctor_Gloom Posts: 397 Forumite
    The second part of the housing crash is well underway. Rejoice eveyone.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    1984ReturnsForReal wrote: »
    So in the previous 5 months they rose 3.4%???

    No, I just can't count. Ignore me.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Wow, a whole half a percent. This is really massive news, if you're an obsessive.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ruggedtoast wrote: »
    I can see that for newly manufactured goods. In the case of houses, they already exist, and demand is always going to be very high, just currently its at a lower price point.

    You could say that theres a tidal wave of buyers waiting in the wings if people who arent in negative equity (which is most homeowners) are a bit more reserved with their asking prices.

    Houses existing isn't supply though. Houses going on the market at a price at which they will sell (ie at or below the price someone will pay) is supply.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Generali wrote: »
    Houses existing isn't supply though. Houses going on the market at a price at which they will sell (ie at or below the price someone will pay) is supply.

    I guess that true. There still doesnt seem to be much out there anyway.
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    Pete111 wrote: »
    Did I read that the LR revised May from -0.2 to +0.2 also?
    I dont know. Did you?
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Great Nana has had her retirement flat up for sale for 2 and a half years now.
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    angrypirate wrote: »
    I dont know. Did you?


    Think it was a poster on here stated it this week - just curious
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    She doesnt live there but she still keeps the fridge plugged in.
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    The YOY figure plunged by 2.1%. Maybe my prediction of stagnation was too optimistic. YOY to be negative by December? Quite possibly. One thing is for sure, we won't be seeing much of Hamish McRamper for the next 6 months.
This discussion has been closed.
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