house prices continue to drop ....

silverjunky999

I wonder what the figures for how much more house prices fell in December?

I would bet on another 3% falls approx.

Next spring we may see the rate of decline slow down a bit, but the trend is still down in real terms for the next few years.

DervProf

silverjunky999 wrote: »

I wonder what the figures for how much more house prices fell in December?

I would bet on another 3% falls approx.

Next spring we may see the rate of decline slow down a bit, but the trend is still down in real terms for the next few years.

If it is a 3% drop, it's the weather's fault, along with those nasty banks who used to be so nice.

THE_GHOULISH_CODPIECE

Asking prices aren't realised prices so in fact nothing of note has dropped.

twadge_face

THE_GHOULISH_CODPIECE wrote: »

Asking prices aren't realised prices so in fact nothing of note has dropped.

Disagree. Asking prices are a fine indication of sentiment.

Hence the level of interest in the RightMove index.

Also I'm sure you'd be the first to say how powerful and profoundly meaningful that asking prices when all indexes are heading upwards.

That's the problem with you, Ghoulie Ghoul, you gots no balance.

novazombie

THE_GHOULISH_CODPIECE wrote: »

Asking prices aren't realised prices so in fact nothing of note has dropped.

Yeah asking prices donot mean anything people may offer more than asking prices:rotfl: after all credit is so easy to get and property prices are only3 times average income :T

WHITEVANMAN

Sellers are always interested in Asking prices.
In a declining market even more so and often price accordingly.
Buyers however are only interested in the price they can get away with paying, especially in a declining market

nearlynew

Seeing further big drops in asking prices round my way.

But interestingly, it's not just drops on existing houses for sale, but new ones are coming in lower still.

Jimmy_31

nearlynew wrote: »

Seeing further big drops in asking prices round my way.

But interestingly, it's not just drops on existing houses for sale, but new ones are coming in lower still.

Thats how it started around here.

We still get the odd 2 bed mid terrace coming onto the market that is priced about 25k more than the 3 bed semis in the surrounding streets, but most sellers have now realised they have to get realistic with their pricing.

Get-real-buy-real

silverjunky999 wrote: »

I wonder what the figures for how much more house prices fell in December?

I would bet on another 3% falls approx.

Next spring we may see the rate of decline slow down a bit, but the trend is still down in real terms for the next few years.

You were spot on.

Any more predictions to how much house values will fall next few years?

Flight2quality

THE_!!!!!ISH_CODPIECE wrote: »

Asking prices aren't realised prices so in fact nothing of note has dropped.

Interesting since he said that asking prices and sold prices have continued to collapse in real terms.