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
Author: Charlie Lamdin
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 Rightmove Reports Record Rising Rents (in Q2) but is this out of date?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
Armageddon Arrives – Five Fact Friday
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