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.
Tag: house prices
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