House prices fall 1.9% YoY in May (hometrack report)

m00m00

Generali wrote: »

I just had a look on their website to see if the new report is up (it's not).

I read the last one and they were saying that %age of asking price acheived has dropped from 96% to 93% - surveys like Rightmove will be underestimating falls as a result.

AFAIK, gifted deposits on new builds won't skew the LR figures because they only count resales in the stats. Gifted deposits on 2nd hand houses will skew the figures but my guess is that they are few in number.

the blanket absence of 'distressed sales' will skew the figures more, and make them appear higher than they really are.

PasturesNew

mitchaa wrote: »

With all due respect, i'm not the 1 that has 5700 odd posts on this forum within the space of 10 months.

Perhaps you should venture outside now and again;)

I am a team of trained monkeys working 24/7 gathering house data.
I am not one person.

meanmachine_2

mitchaa wrote: »

All a lot of nonsense anyway, my home has increased by a considerable amount in the 10 months ive had hold of it:D

Nonsense.

You said it.

Now make like someone who *really* doesn't care about house prices, and do something less boring instead, why dontcha?

Incisor

mitchaa wrote: »

With all due respect, i'm not the 1 that has 5700 odd posts on this forum within the space of 10 months.

Tell me how you work that out without being sad?:D:D:D

artherfouxache

mitchaa wrote: »

Good for you, but why do i want to educate myself with hometrack on the current state of property? I couldn't give a monkeys. I intend to live in my home:rolleyes:

Yes i will continue to use LR figures as the others have so much variables that they are hardly believable. Tell you what, as a test to this, tell me how much the nationwide tell us an average British home is worth and then log onto halifax and do the same. I think you'll find they are worlds apart so which do you believe?

All a lot of nonsense anyway, my home has increased by a considerable amount in the 10 months ive had hold of it:D

Yes, you carry on looking at the LR YoY figs if you like........but it's a bit like getting a tip for the winner of the Grand National AFTER the race has finished. :rotfl:

I've just re read your post and realise now you've only had hold of your home 10 months!!?? ...... oh dear.

.

jamescredmond

mitchaa wrote: »

Good for you, but why do i want to educate myself with hometrack on the current state of property? I couldn't give a monkeys. I intend to live in my home:rolleyes:

Yes i will continue to use LR figures as the others have so much variables that they are hardly believable. Tell you what, as a test to this, tell me how much the nationwide tell us an average British home is worth and then log onto halifax and do the same. I think you'll find they are worlds apart so which do you believe?

All a lot of nonsense anyway, my home has increased by a considerable amount in the 10 months ive had hold of it:D

if you couldn't 'give a monkeys' why are you posting here?

there's a 1001 different indices out there. and they're all pointing the same way, which should tell you something.

as for your home's value increasing by 'a consid. amount' over 10 months: where did you buy?

khazakstan?

yet another triumph of desperate hope over reality.....

tomstickland

Enough of all this factual nonsense, I only use the figures from National Association of Estate Agents and they show that house price growth is expected to go "mental" once the credit blip finishes on Wednesday afternoon. I've even got one of their car stickers with "it's different this time" on it.

pickles110564

Boo Hoo. That means my home has lost £12k in paper value.
Only another £400k to go before i am in negative equity:rolleyes:

tomstickland

It's like the good old days this.

meanmachine_2

tomstickland wrote: »

It's like the good old days this.

True.

Except back in 06/07 it was us lot denying the veracity of the official stats and the property bulls ridiculing us for the head-in-sand approach.

Plus ca change.