House prices rise... Front page today.

Sibley

Just think how many sellers will see this headline today.

Fantasic news. Couldn't be better. HPI well on the way now. It's what we wanted.





The Express.

House prices shot up £2,000 last month

Thursday July 7,2011

By Sarah O'Grady


HOMEOWNERS were cheered last night as a report revealed that house prices shot up £2,000 last month as the summer property market gathers steam.


Confidence-boosting record low interest rates, cheaper mortgages and rising employment have helped the £67-a-day rise.
The price of a typical three-bedroom semi is now £163,049 – up £2,010 or 1.2 per cent on May’s price, according to Britain’s biggest mortgage lender, the Halifax.
Interest base rates are today expected to be held at 0.5 per cent by the Bank of England for the 28th month in a row. And that has helped lighten the burden for borrowers seeking mortgages with lenders battling to offer competitive deals.
Typical mortgage payments for new buyers fell from a peak of 48 per cent of average disposable earnings in mid-2007 to 28 per cent in the second quarter of 2011.
And an extra 80,000 people came off the dole queues in the three months to April, compared with the previous three months.


House prices shot up £2,000 last month





Stuart Law, chief executive of property investment specialists Assetz, said: “Economic conditions are definitely improving, with a booming services sector and rising employment.
“All the house price data is quite clearly showing that the overall trend is one of positive growth since the end of last year.
“The availability and rates of mortgages are steadily improving and the pent-up demand from people who need to move, as well as buy-to-let investors keen to take advantage of strong yields, is driving prices back up.”
Mark Montgomery, commercial director for 1st Property Lawyers, warned potential buyers who were waiting for price falls to act quickly before prices rose even further. “They could seriously live to regret waiting,” he said.
Nathan Moore, director of easyroommate.co.uk said: “These figures paint a positive picture of the property market in June, and many owners will be celebrating.”
Howard Archer, chief UK and European economist at IHS Global Insight, said: “We have reduced our projected drop in house prices by mid-2012 to five per cent from eight per cent, primarily due to the fact that we now expect interest rates to start rising later and more slowly than we projected.” The rally in prices came in the first full working month after the bank holidays and Royal Wedding disrupted business in April and May.
Values in the three months to June were 0.5 per cent lower than in the previous quarter, but this was the smallest quarterly fall in prices since the second quarter of last year.
The pick-up in house prices also tallied with an improvement in the ratio of house sales to the stock of unsold properties, traditionally a good indicator of price trends.

DaddyBear

Sibley wrote: »

Just think how many sellers will see this headline today.

Fantasic news. Couldn't be better. HPI well on the way now. It's what we wanted.





The Express.

House prices shot up £2,000 last month

Thursday July 7,2011

By Sarah O'Grady


HOMEOWNERS were cheered last night as a report revealed that house prices shot up £2,000 last month as the summer property market gathers steam.


Confidence-boosting record low interest rates, cheaper mortgages and rising employment have helped the £67-a-day rise.
The price of a typical three-bedroom semi is now £163,049 – up £2,010 or 1.2 per cent on May’s price, according to Britain’s biggest mortgage lender, the Halifax.
Interest base rates are today expected to be held at 0.5 per cent by the Bank of England for the 28th month in a row. And that has helped lighten the burden for borrowers seeking mortgages with lenders battling to offer competitive deals.
Typical mortgage payments for new buyers fell from a peak of 48 per cent of average disposable earnings in mid-2007 to 28 per cent in the second quarter of 2011.
And an extra 80,000 people came off the dole queues in the three months to April, compared with the previous three months.


House prices shot up £2,000 last month




Annual leave not approved, again. Ive told Elspeth that I have no other possibilities. They've offered to pay me for the 2 days, so I said yes. July will be a bumper month!!
Stuart Law, chief executive of property investment specialists Assetz, said: “Economic conditions are definitely improving, with a booming services sector and rising employment.
“All the house price data is quite clearly showing that the overall trend is one of positive growth since the end of last year.
“The availability and rates of mortgages are steadily improving and the pent-up demand from people who need to move, as well as buy-to-let investors keen to take advantage of strong yields, is driving prices back up.”
Mark Montgomery, commercial director for 1st Property Lawyers, warned potential buyers who were waiting for price falls to act quickly before prices rose even further. “They could seriously live to regret waiting,” he said.
Nathan Moore, director of easyroommate.co.uk said: “These figures paint a positive picture of the property market in June, and many owners will be celebrating.”
Howard Archer, chief UK and European economist at IHS Global Insight, said: “We have reduced our projected drop in house prices by mid-2012 to five per cent from eight per cent, primarily due to the fact that we now expect interest rates to start rising later and more slowly than we projected.” The rally in prices came in the first full working month after the bank holidays and Royal Wedding disrupted business in April and May.
Values in the three months to June were 0.5 per cent lower than in the previous quarter, but this was the smallest quarterly fall in prices since the second quarter of last year.
The pick-up in house prices also tallied with an improvement in the ratio of house sales to the stock of unsold properties, traditionally a good indicator of price trends.

Yey, we're all rich. :cool: !!!!!!
I wouldn't even wipe my !!!! with that 'news'paper.

Sibley

This article and my comments have really hurt HPC today.:rotfl:

They are twisted right up in the stories comments section and have even moaned the the BBC news team held the Express up to the camera. :rotfl:

Love it.



http://www.housepricecrash.co.uk/forum/index.php?showtopic=166251

Mission accomplished. They are on the rocks.

Loopgames

Hmmm...the Land Registry seems to say there is a monthly decrease of 0.4%.

http://www.landregistry.gov.uk/

Cleaver

Loopgames wrote: »

Hmmm...the Land Registry seems to say there is a monthly decrease of 0.4%.

http://www.landregistry.gov.uk/

My understanding gained from here is that the Land Registry is currently reporting prices from Q4 1996. There's a bit of a lag.

Turnbull2000

The more you put if off, the more you lose...

Pimperne1

Sibley wrote: »

This article and my comments have really hurt HPC today.:rotfl:

They are twisted right up in the stories comments section and have even moaned the the BBC news team held the Express up to the camera. :rotfl:

Love it.



http://www.housepricecrash.co.uk/forum/index.php?showtopic=166251

Mission accomplished. They are on the rocks.

Is that the correct link? Don't see much about the HPCers being twisted up (well any more than they usually are).

Loopgames

Cleaver wrote: »

My understanding gained from here is that the Land Registry is currently reporting prices from Q4 1996. There's a bit of a lag.

The mind sees what it wants to see.

des_cartes

Sibley wrote: »

Just think how many sellers will see this headline today.

Fantasic news. Couldn't be better. HPI well on the way now. It's what we wanted.





The Express.

House prices shot up £2,000 last month

Thursday July 7,2011

By Sarah O'Grady


HOMEOWNERS were cheered last night as a report revealed that house prices shot up £2,000 last month as the summer property market gathers steam.


Confidence-boosting record low interest rates, cheaper mortgages and rising employment have helped the £67-a-day rise.
The price of a typical three-bedroom semi is now £163,049 – up £2,010 or 1.2 per cent on May’s price, according to Britain’s biggest mortgage lender, the Halifax.
Interest base rates are today expected to be held at 0.5 per cent by the Bank of England for the 28th month in a row. And that has helped lighten the burden for borrowers seeking mortgages with lenders battling to offer competitive deals.
Typical mortgage payments for new buyers fell from a peak of 48 per cent of average disposable earnings in mid-2007 to 28 per cent in the second quarter of 2011.
And an extra 80,000 people came off the dole queues in the three months to April, compared with the previous three months.


House prices shot up £2,000 last month





Stuart Law, chief executive of property investment specialists Assetz, said: “Economic conditions are definitely improving, with a booming services sector and rising employment.
“All the house price data is quite clearly showing that the overall trend is one of positive growth since the end of last year.
“The availability and rates of mortgages are steadily improving and the pent-up demand from people who need to move, as well as buy-to-let investors keen to take advantage of strong yields, is driving prices back up.”
Mark Montgomery, commercial director for 1st Property Lawyers, warned potential buyers who were waiting for price falls to act quickly before prices rose even further. “They could seriously live to regret waiting,” he said.
Nathan Moore, director of easyroommate.co.uk said: “These figures paint a positive picture of the property market in June, and many owners will be celebrating.”
Howard Archer, chief UK and European economist at IHS Global Insight, said: “We have reduced our projected drop in house prices by mid-2012 to five per cent from eight per cent, primarily due to the fact that we now expect interest rates to start rising later and more slowly than we projected.” The rally in prices came in the first full working month after the bank holidays and Royal Wedding disrupted business in April and May.
Values in the three months to June were 0.5 per cent lower than in the previous quarter, but this was the smallest quarterly fall in prices since the second quarter of last year.
The pick-up in house prices also tallied with an improvement in the ratio of house sales to the stock of unsold properties, traditionally a good indicator of price trends.

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:


That reporter really should be working for the NoW

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

J_i_m

Sibley wrote: »

Fantasic news. Couldn't be better. HPI well on the way now. It's what we wanted.

Not strictly what everybody wants, I think maybe you should rephrase to "It's what I wanted."

You only speak for home owners, you'd probably find that first time buyers for example would quite welcome further price drops.

Davesnave

Turnbull2000 wrote: »

The more you put if off, the more you lose...

I'm rather glad we put it off.....for a bit.

Like all trade-offs it's a gamble, but had we put it off until now, we'd have paid about £25k in rent. This morning, I saw a property in our earlier search area reduced £75k below what it was when we bought.

So, maybe a £50k 'saving' would have been possible somewhere, as the property I'm quoting isn't atypical.

Meanwhile, state of mind comes into it. Maybe some people can remain in a state of flux indefinitely, but I think our mental health bill might have accounted for some of that saving by now! Depends where one is in life.

Anyway, no need to worry. Looking at it from a Sibley perspective, we have added value; at least £35k in that time. :rotfl: