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Debate House Prices
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House prices fall 1.9% YoY in May (hometrack report)
Comments
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artherfouxache wrote: »because things seem to have moved on........ now it seems, it's the 2YoY figures we should be suspicious of .:D
It is the use of some figures to put a positive spin on the housing market that is wrong.
I know people who have been in total denial that prices are coming down, quoting what they hear on the news that annual prices are (have been) on the up, ignoring the short term (and unreported) negative figures. They seem surprised how anyone could know the annual figures would turn negative.
My concern is for gullible FTBs, and the like, who have been fed (spun) the 'rosier' long term figures.
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Rubbish.... your concern was you want everyone to be singing the same song as you.
The data is what it is.
Are you honestly suggesting that if we get a couple of rogue months of house price rises you'll be suggesting people look to buy as the downturn will definitely be over.... even though the YoY data will clearly still show a downward trend?
No it's simple really.
Both figures have their place. They give you different information, that's all. Nothing to fear from either.0 -
JonnyBravo wrote: »Rubbish.... your concern was you want everyone to be singing the same song as you.
The data is what it is.
Are you honestly suggesting that if we get a couple of rogue months of house price rises you'll be suggesting people look to buy as the downturn will definitely be over.... even though the YoY data will clearly still show a downward trend?
No it's simple really.
Both figures have their place. They give you different information, that's all. Nothing to fear from either.
OK. Take a FTB couple, not too sure whether to buy or not. They listen to the news, and hear a report which says house prices are up say 8% on a year ago but fails to say prices have dropped 1% for the last 4 months.
They are inclined to buy as 'prices are still up 8%'.
Do they have all the info they need?0 -
artherfouxache wrote: »OK. Take a FTB couple, not too sure whether to buy or not. They listen to the news, and hear a report which says house prices are up say 8% on a year ago but fails to say prices have dropped 1% for the last 4 months.
They are inclined to buy as 'prices are still up 8%'.
Do they have all the info they need?
Yeah cos thats what all the reports are saying :rolleyes:
Get a grip artherfouxache. Have you seen any of the news recently?
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