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MSE News: House prices climbed in October, says latest report
Comments
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Its clear the trend is downwards and not stagnation. With such low transactions we are going to have bigger than normal monthly price fluctuations however the trend will be down.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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IveSeenTheLight wrote: »We've discussed this before
the LR lag is not as great as before (possibly due to lower transaction levels)
It's releases the September, same as Nationwide.
Only Halifax's release today for October is a newer month.
It's referring to transactions that were agreed up to 6 months ago. Offer, acceptance, exchange, completion, solicitors getting round to filing the papers, etc....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Graham_Devon wrote: »So what was the elephant? Did we miss it, because there actually wasn't one?
There's no elephant in my room. I've just checked....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
At last we can agree on what an average is and that the average full time wage is not made up.:j
I am so glad we had this conversation GD, as you can now see that there are people above and below an average as you are one of the above.
That is what makes an average.
I can see past my own circumstance? but if you can why not open your eyes when good data comes out.
There are not just a hand full over average their are millions of them.
I glad you had this revalation, looks like you will not be coming out with the same stuff all the time any good data comes out.
The other thing could be is that is your own view taints how bad things are for so many? Yes some are suffering but the UK housing market and its ability to stay up must tell you something about how bad things really are for so many?
Or that their is still actually a lot of demand for housing and building more is the only real solution to get housing affordable.
Good grief. You sure know how to twist something fella!!0 -
Doctor_Gloom wrote: »three-month on three-month comparison showed property values dropped by 1.2%."
a heavy trend downwards.
A "heavy trend"????
!!!!!!?
On that "trend", prices will drop a mere 2.4% before the next spring bounce.
What a pathetic rate of decline for bears to be celebrating.
Just goes to show not even the bears believe in a crash any more.:beer:“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 -
Graham_Devon wrote: »Good grief. You sure know how to twist something fella!!
I am not trying to twist it graham, you said you " Can see past my own personal circumstances."
Surly one point would be those that are most exposed and at danger when house prices do fall are those that earn the least. Especially after the lax lending the end of the last decade saw.
So by having large falls you would put as many poorer people in trouble as it would enable to buy.
So although you think it would be good for house prices to drop for all, I really can't seeing it being good for those struggling the most.
Double edge sword really and seeing it from one side really does ignore a hell of a lot of peoples lives.
That is why I have said for ages. stagnation and real term falls would be best for all.
Looking past past your own personal circumstances would involve looking at everyone, not just the ones who would benefit from what you want.0 -
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it's a shame they're not falling in the area that you're looking to buy... never mind...Its clear the trend is downwards and not stagnation. With such low transactions we are going to have bigger than normal monthly price fluctuations however the trend will be down.
don't forget to keep the dream alive, never say die...0 -
Graham_Devon wrote: »Well I'm off for a while. ISTL will have a hernia if we carry on and this thread gets any larger. So I'm doing my bit and dropping out.
Hardly, you are a bit of a drama queen are you?
If there's merit and points to discuss then that's fine.
Still there's no way this thready will match the number of posts that the last months Halifax figures received because of the desperate bumping.neverdespairgirl wrote: »It's referring to transactions that were agreed up to 6 months ago. Offer, acceptance, exchange, completion, solicitors getting round to filing the papers, etc.
Can you show where the LR has a 6 month lag?.
I'm not sure that LR contains offers and acceptances either. They sure would report on exchanges
You infer that it relates to transactions and we know the numbers are down.
we've seen the LR releases catch up with the Halifax / Nationwide and I to would be able to get my work done quicker if my workload was halved.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
HAMISH_MCTAVISH wrote: »A "heavy trend"????
!!!!!!?
On that "trend", prices will drop a mere 2.4% before the next spring bounce.
What a pathetic rate of decline for bears to be celebrating.
Just goes to show not even the bears believe in a crash any more.:beer:
The only thing that has been proven to be pathetic over the last few months - is YOU.0
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