We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Can I ask a stupid question?

245678

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cleaver wrote: »


    Hamish will be along within the hour to help me out.
    Sounds like a date.
  • sjaypink
    sjaypink Posts: 6,740 Forumite
    Generali wrote: »
    Rightmove (and Acadametrics) use an arithmetic mean of prices whereas Haliwide use a geometric mean is the reason I think. Haliwide look to smooth the figures as much as possible, the others are not.
    What does that mean? And why do they do it that way? :)
    We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung

  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Generali wrote: »
    Rightmove (and Acadametrics) use an arithmetic mean of prices whereas Haliwide use a geometric mean is the reason I think. Haliwide look to smooth the figures as much as possible, the others are not.

    Sorry Gen, you're going to have to go a bit slower with me!

    How do you 'smooth' something to the point where it's a difference of 40% from an asking price index to an actual sale price index?
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    Cleaver wrote: »
    I understand that, but the average discount from asking price to sale price isn't 40% is it? More like 10%. So it must be something else.

    I would say cash buyers at the top end distort the figures. I would assume people who buy £2Mill houses often don't have mortgages, and if they did, they would likely not be with Nationwide or Halifax.

    These houses will be listed on RM though.

    HTH.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'm glad no one apart from Gen on this thread knows the answer either. Makes me feel less stupid.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    the.ciscokid wrote: »
    I would say cash buyers at the top end distort the figures. I would assume people who buy £2Mill houses often don't have mortgages, and if they did, they would likely not be with Nationwide or Halifax.

    These houses will be listed on RM though.

    HTH.

    I guess so. I'm still therefore wondering why Nationwide and Halifax are worth the paper they are written on then?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    There's a whole lot of other stuff too. Haliwide use a standardized house whereas RM and Acadametrics genuinely mix adjust. I'll tell you about it later.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    I know the answer and it's easily explained -



    It's all spin and bullsh1t.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    Cleaver wrote: »
    I guess so. I'm still therefore wondering why Nationwide and Halifax are worth the paper they are written on then?

    Well, sadly I am not looking at buying a £2Mill house for cash anytime soon... (that kind of thing is reserved for warmongers such as Tony Blair :p, or banksters) so to me they are far more representative of the housing market I am looking at.

    I only care about trend anyway, and not the specific figures.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Generali wrote: »
    There's a whole lot of other stuff too. Haliwide use a standardized house whereas RM and Acadametrics genuinely mix adjust. I'll tell you about it later.

    Are we meeting for a pint?

    I'm imagining that a 'standardized house' definately has three ducks all flying in a row on the wall.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.7K Work, Benefits & Business
  • 603.1K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture