Video of this: https://youtube.com/live/6I3p90LHE5QAudio podcast: https://www.buzzsprout.com/2109129/13728278 Confused mortgage comparison site says average house prices will fall £50k in 2024. https://thenegotiator.co.uk/house-prices-will-drop-50k-by-end-of-next-year/ Nationwide BS. Yoy unchanged -5.3%https://www.nationwidehousepriceindex.co.uk/reports/house-price-growth-remained-weak-in-september Rightmove rents https://www.rightmove.co.uk/news/content/uploads/2023/10/Rental-Trends-Tracker-Q3-2023-FINAL.pdf Roof falls in on house building as interest rate rises slash demandhttps://www.thetimes.co.uk/article/84662714-6368-11ee-aae8-b941e584b333 Halifax September House prices yearly falls accelerate https://www.halifax.co.uk/assets/pdf/september-2023-house-price-index.pdf
Author: Charlie Lamdin
How to avoid First Time Buyer Traps set by estate agents
The most dangerous aspect of being an unitiated first time buyer is how easily we can be exploited. First-time buyers are cannon-fodder for feckless estate agents, mortgage brokers and conveyancing call centres. You think you’ve done your research, but it’s all a carefully-laid trap that only the wisest avoid. It’s a time-consuming process to avoid… Continue reading How to avoid First Time Buyer Traps set by estate agents
The 4 Pillars of the Overvaluing House Price Pyramid.
1. 1990’s: Deliberate Overvaluing used as a new and effective tactic by certain agents, to grab market share, exploiting seller optimism bias. 2. 2000’s: Other agents, losing market share, were left with no choice but to copy, compounding the problem. 3. 2010’s” “Help to Buy”, QE, low interest rates and other stimulus artificially inflates pricing,… Continue reading The 4 Pillars of the Overvaluing House Price Pyramid.
Autumn asking prices of ‘sold’ homes drop 3.5% in 2 weeks
September 2023 BestAgent House Price Index (beta) by Charlie Lamdin Housing market’s weak pulse shows autumn improvement The number of homes showing as “sale agreed” across England jumped by nearly 8% to 62,695 during the middle two weeks of September, reflecting the post-summer holiday seasonal activity increase we’d normally expect. However, transaction numbers remain substantially… Continue reading Autumn asking prices of ‘sold’ homes drop 3.5% in 2 weeks
5 Fact Friday – 22nd Sept 2023
5FF 22 Sep 2023 Video commentary: https://youtube.com/live/lrsgEP5SJ-Y July 2023 Land Registry HPI up 0.6%https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/july2023 ONS rental prices up 5.5% year on yearhttps://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/august2023 CPI inflation down 0.1% to 6.7%https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/august2023 Boiler Ban Delayed 10 yearshttps://www.express.co.uk/life-style/property/1814921/gas-boiler-ban-delay-what-it-means-for-you Mortgage interest component of inflation up 60%https://x.com/shjfrench/status/1704487008712749382?s=20 Interest Rates: unchanged (yawn) August Retail Sales: https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/august2023
Justified Housing Rage
When it comes to the state of the housing market, there are millions of very, very angry people. This justifiable anger leads to countless statements containing a phrase like “All [insert group] are scum.” There is no group of people of any kind anywhere in the world who are all the same. This inaccurate oversimplification… Continue reading Justified Housing Rage
Prices up, Mortgages down? Five Fact Friday – 21 July 2023
1. Today: Times “Experts” House Price Forecasts range from 6.5% to -25% (Resolution Foundation) and -35% (some random bloke called Charlie) https://www.thetimes.co.uk/article/0d18cbee-264b-11ee-8c1b-d5d52b458fbd?shareToken=a8ae763a1e13e7400b9eaa233198e37a 2. Rightmove Reports Record Rising Rents (in Q2) but is this out of date? https://www.newsshopper.co.uk/news/national/uk-today/23670356.uk-property-average-rental-prices-reach-new-record-high/ 3. But BestAgent reports All Homes Index reports average national asking rents in England and Wales begin falling… Continue reading Prices up, Mortgages down? Five Fact Friday – 21 July 2023
Everyone’s Downsizing
Five Fact Friday 7th July: Downsizing. Here are 5 verifiable facts from this week’s housing news, hitting housing hardest.
Fiddly Five Fact Friday
30th June 2023
