Halifax says “house prices” rose in December 2023, monthly, quarterly and yearly. Rightmove’s December 2023 index says they fell, monthly and yearly. Question: Why would sellers be lowering asking prices across the board if actual house prices were rising? Think about it. Then you decide. My view: You are being gaslit by the debt salesmen.… Continue reading Halifax v Rightmove?
Tag: bestagent
Two Kinds of Estate Agents.
There are two kinds of estate agents: All of the misleading and overvaluing that is carried out on a daily basis by “everyone else” is only possible because of the lack of transparency. I hope to change that, by bringing total transparency to current market prices: an almost real time “exchange price index”. It wil… Continue reading Two Kinds of Estate Agents.
Festive Final Five Fact Friday of 2023
5FF 1 Dec 2023 Fact 1: Bank of England October Mortgage approvals up. (They couldn’t have got much lower). https://www.bankofengland.co.uk/statistics/money-and-credit/2023/october-2023 Zoopla Nov HPI. – 6 year supply high. £18,000 average discounts from asking price. https://www.zoopla.co.uk/discover/property-news/house-price-index/ Used car market crashing 4.2% in one month https://cardealermagazine.co.uk/publish/used-car-price-crash-continues-with-trade-values-falling-4-2-again-in-november/293687 Government botches leasehold reform legislation. https://www.thetimes.co.uk/article/bill-to-ban-leaseholds-doesnt-ban-leaseholds-ministers-admit-g9mvh27dw New legislation for property listings announced … Continue reading Festive Final Five Fact Friday of 2023
2024 will bring about the end of estate agency as we know it, in a good way.
There’s one thing that’s not in dispute: A fall in transaction volumes is bad for everyone who needs or wants to move house. It’s also bad for the multi-layered industry that makes it’s living from these transactions. A painful but cathartic rebirth of the moving industry is underway. Whatever happens to house prices as 2024… Continue reading 2024 will bring about the end of estate agency as we know it, in a good way.
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