Author: Charlie Lamdin
It’s 5 Fact Friday! Plus: Why are you so negative Charlie?
Here are the links to the 5 facts from today’s Five Fact Friday videos. 1. Halifax House Price Index turns negative: https://www.halifax.co.uk/assets/pdf/may-2023-house-price-index.pdf2. RICS: “Storm clouds gathering” https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/May%202023%20UK%20Residential%20Market%20Survey.pdf 3. Nationwide, Halifax and HSBC raise rates/pull products https://www.forbes.com/uk/advisor/mortgages/2023/06/08/mortgage-updates/4. Mail Online reports 22% asking price gap using Rightmove v BestAgent data. https://www.thisismoney.co.uk/money/mortgageshome/article-12168341/amp/Asking-prices-22-higher-homes-sold-estate-agents-overvalue.html5. Moody’s (and Capital Economics) downgrades UK… Continue reading It’s 5 Fact Friday! Plus: Why are you so negative Charlie?
Thoughts on changes in 2023 UK Housing Market
Sunday Evening Thoughts on UK Housing. I hope you’ve all had an enjoyable weekend in the sun. I’ve had a thought that I hope will help people on any side of the debate (or anyone thinking of moving who’s just confused) to understand what is happening. The term “house prices” is like the word “love”:… Continue reading Thoughts on changes in 2023 UK Housing Market
5 Fact Friday 28 April 2023
1. New Homes builder Persimmon reports a 42% fall on unit sales in Q1 2023 compared with 2022. https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement/ 2. Home Sale transaction volumes remain good, with Chris Watkin reporting that last week sales totals were the highest level since the mini-budget of Sept last year. Strong liquidity is important for everyone in the moving… Continue reading 5 Fact Friday 28 April 2023
Rising asking prices mask sharp falls in home prices
Newly listed homes in February outnumber ‘sale agreed’ 4:1 as gazundering takes hold The latest weekly data from bestagent.co.uk shows average and median asking prices for Unsold homes rising, 3% in the case of median, from £304,000 to £310,000 for homes showing as For Sale in England. The same metrics for “SSTC” homes (aka Under… Continue reading Rising asking prices mask sharp falls in home prices