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 Rightmove Reports Record Rising Rents (in Q2) but is this out of date?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

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Everyone’s Downsizing

Five Fact Friday 7th July: Downsizing. Here are 5 verifiable facts from this week’s housing news, hitting housing hardest.

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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

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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

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