Debate House Prices
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Sellers are now becoming realistic.. Rightmove down -7% last qt

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Comments

  • silvercar
    silvercar Posts: 51,489
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Ambassador
    Are you meant to link to articles under press embargo?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    homelessskilledworker wrote: »
    http://www.rightmove.co.uk/news/files/2012/01/january-2012.pdf

    I think you might be right - "Lowest ever number of sellers". No point in selling an asset for which the only way is up.
  • Sibley
    Sibley Posts: 1,557
    Ninth Anniversary Combo Breaker
    Forumite
    Nothing decent is for sale cheap.

    Sellers will take their houses off the market until prices are back to full whack.
    Old news. Happened before. You can't take any notice of the figures right now.
    We love Sarah O Grady
  • homelessskilledworker
    homelessskilledworker Posts: 1,664 Forumite
    Sibley wrote: »
    Nothing decent is for sale cheap.

    Sellers will take their houses off the market until prices are back to full whack.
    Old news. Happened before. You can't take any notice of the figures right now.



    Somehow I thought you would say that:)
  • abaxas
    abaxas Posts: 4,141 Forumite
    Sibley wrote: »
    Nothing decent is for sale cheap.

    Sellers will take their houses off the market until prices are back to full whack.
    Old news. Happened before. You can't take any notice of the figures right now.

    Maybe try the North East.

    It's all for sale.
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Sibley wrote: »
    Nothing decent is for sale cheap.

    It's getting a lot cheaper down your way;)
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    Lol nobody is going to sell cheap unless there forced too, try just take house off market. Stop dreaming of a massive HPC and stop spending money on beer - start saving
  • abaxas
    abaxas Posts: 4,141 Forumite
    moneyinmypocket wrote: »
    Lol nobody is going to sell cheap unless there forced too, try just take house off market. Stop dreaming of a massive HPC and stop spending money on beer - start saving

    Darling, but if we had sold in 2012 we wouldn't have lost another 100k.

    Works both ways.
  • Mike.M_6
    Mike.M_6 Posts: 15 Forumite
    abaxas wrote: »
    Darling, but if we had sold in 2012 we wouldn't have lost another 100k.

    Works both ways.

    And if wait even longer property values will be even lower.

    There is nothing in the future that is looking good for housing.
  • Mike.M_6
    Mike.M_6 Posts: 15 Forumite
    moneyinmypocket wrote: »
    Lol nobody is going to sell cheap unless there forced too, try just take house off market. Stop dreaming of a massive HPC and stop spending money on beer - start saving


    If they can afford to sit the crash out and keep up with the mortgage payments when they are in neg Equity.

    But when interest rates go back to normal, it will be harder to keep up with the interest. Not nice knowing that property is in abear market and your house is still falling.
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