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Crowleys' finger slipped off send.....

......when he was about to post this story, and then he accidentally pressed the DEL key, so I thought I'd post it for him.

(from todays Times)

Mortgage lending has recovered to its highest level since the end of the housing boom, easing fears of an imminent crash. The rise in lending, coupled with a survey showing more house prices rising than falling, suggests that November may mark a turning point in the market.......none of the indicators of house prices has suggested anything like the crash that many predicted. Economists and lenders say the market has stabilised and there is no longer any serious risk of a price crash.... our expectation for next year is relatively subdued transaction levels ....and house prices rising by about 2 %.

Reply to
Tumbleweed
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only trouble in my region that view is not supported at all....see the beeb link below (also had to reduce my late mothers house for sale by 10k, but it will have little effect..there is far too much excess supply)

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Reply to
biggirlsblouse

You are North of Watford so that doesnt count :-)

Reply to
Tumbleweed

plus you didnt read all the way to the bottom of the article did you?

"However, confidence in the price outlook for the region turned positive this month, with slight price rises predicted in the first part of 2006."

Reply to
Tumbleweed

In message , biggirlsblouse writes

By 10K from what? And what was it really worth about 12 to 18 months ago?

With those two figures, i can probably give you some sensible advice, (which you might not like ).

Quote - "In Goole, East Yorkshire, Charles Clegg of Clegg & Son said: "Buyers are still available for competitively priced properties.""

I remember a chap asking me to do a "valuation" on his house and I suggested something in the region of £40,000, (I think it was 1995 or so).

He asked me the prices of 4 or 5 other houses which we could see for sale from his house, (all around £40,000), and he said "make mine £35,000 and let's get it sold". He got a queue for his house at £35,000, and took the money from the one who could complete the quickest.

Reply to
Richard Faulkner

In message , Tumbleweed writes

And.....

"In Goole, East Yorkshire, Charles Clegg of Clegg & Son said: "Buyers are still available for competitively priced properties." "

Reply to
Richard Faulkner

Looks like you didnt read it at first reading either....but do you really believe what an estate agent tells you is going to happen?....Ill believe it when I see it!

Reply to
biggirlsblouse

and for my late mothers house thats exactly what we have done...in the village there are over 30 other houses for sale however this house is now about 10k less than the equivalent competition....but still no queues...we did get an offer of 30k less than asking price though which was an offer that we just couldn't accept.

Reply to
biggirlsblouse

"biggirlsblouse" wrote

What *is* the asking price?

Reply to
Tim

In message , biggirlsblouse writes

What is the asking price?

Reply to
Richard Faulkner

I hear you are a retired? estate agent Richard....please feel free to cast your eye on this to see what you think http://212.50.188.107/cgi-win/vebra.cgi?details1?src=vebra&PropertyCode83001/NORFO/11100/1

Reply to
biggirlsblouse

Don't get too carried away by more spin from those property rampers at the Times TW ;-)

Read the "small print" :-)

Even the Blair Broadcasting Corporation admit that a HALF of lending is remortgaging......

quote : "..........Remortgaging

Normally, demand for mortgages tails off towards the end of the year and then revives in the spring as people start house hunting again.

However, the CML pointed out that the figures were being bolstered by high levels of remortgaging.

This happens when people stay put but simply move their mortgages to another lender to take advantage of a more favourable deal.

This currently accounts for about half of all new house lending........."

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Its more likely a sign of growing financial distress than a 'robust' housing market.

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Reply to
crowleyalastair

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