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Debate House Prices
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House Prices Rise 0.6% in July-- Halifax
Comments
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The transactions numbers we are seeing at the moment, are the new normal.
Very possibly. But these transaction numbers are enough to support todays prices.
Mortgage rationing will ease at some point, but until then I don't see transaction numbers increasing dramatically.“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 -
chucknorris wrote: »Round my way the bears offer 100% guarantees rather than hope
Round my way it's winter. My porch roof got trashed in the storm on Monday night. No idea what that means for house prices. Up if you're Hamish, down if you're carolt I guess.
Anyhoo, non-seasonally adjusted price up 0.6% mom. Prices rising faster than wages which are falling in real terms which will most likely squeeze FTBs who don't already have a deposit saved up. HP:income ratio now 4.75 up from 4.53 at the start of the year. (Done from memory, sorry for any errors).0 -
Fair enough.“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 -
I live in Kent and I can say for sure that prices are not dropping. Going up yes which is a good thing. Dropping no.We love Sarah O Grady0
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Jeez, look at that, VBulletin software isnt able to escape HTML comment tags inadvertently placed in a forum post.
Who would have thought it from the worlds leading bulletin board software. V Bulletin should be ashamed!0 -
I live in Kent and I can say for sure that prices are not dropping. Going up yes which is a good thing. Dropping no.
I also live in kent
There is a dearth of decent properties on the market and prices are certainly not dropping ' round my way' !Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
Graham_Devon wrote: »It's like the rightmove asking prices all over again.
Asking prices and selling prices are two different things :rolleyes::wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Dirk_Rambo wrote: »house prices have been tanking round my way for yonks now. does halifax just make this stuff up or what
I'll let the facts speak for themselves.
Looks like you've had three months of consecutive drops in prices
Link 1
Link 2
Updated graph
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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