Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
How Much is that House in the Window? > NetSparsh - Viral Content you Love & Share

How Much is that House in the Window?

With the recent release from the UK's biggest mortgage lender, the Halifax, of its latest house price report for May 2005, showing that prices fell by 0.6% last month, and prices falling just 0.1% since the start of the year, the bank said that the market is broadly flat. Nationwide however released its survey last week, showing a 0.3% rise in May. Commenting on the figures for March, Nationwide confirmed that the 0.6% fall in property values was the steepest monthly fall they had seen for nearly 10 years, however, just a few days after the Nationwide released its survey, the Halifax reported a 0.5% rise in March prices. Mortgage comparison site Moneynet reported a slight increase in March, primarily for the high income homeowners. The diversity of house price surveys dilutes consumer recognition of trustworthy media; were should you look for accurate and up to date information?

Land registry reports
(http://www.landreg.gov.uk/propertyprice/interactive/)

All property sales from England and Wales are logged by the Land Registry, and so this report provides an extremely comprehensive source for residential property sales. The land registry reports can provide useful information for both for national and local comparisons. One drawback however is that the report is only compiled every three months, making the figures out of date even before they are released. For a small fee, a similar survey is available for properties within Scotland at the Registers of Scotland Executive Agency ( http://www.ros.gov.uk/index.html )

Government house price index

This is a recently launched government survey into the house price index, reported on a monthly basis. Using lending information from about 50 lenders, this includes a first-time buyers index, as well as former owner occupiers, regional, and UK indices. Unfortunately, like the Land Registry reports, there is at least a two month arrears in the statistics being released. While the government is trying to improve this survey, it is hampered by limits on the information provided by the lenders, and has been described to the BBC by a government spokesperson as "The slightly less than definitive index". The implementation of the National Property Database, which is currently under development, should help to provide better information about property types, and expansion on the information available for geographic areas such as commuter belts.

Mortgage lenders

Mortgage lending companies such as the Nationwide ( http://www.nationwide.co.uk/default.htm ) or Halifax ( http://www.halifax.co.uk/home/index.shtml ) provide regular surveys covering the entire UK rather than just England and Wales. These are usually available monthly, and are based on the final price agreed by their mortgage customers, thereby ignoring other lenders figures, and the 25% of cash transaction house sales. Useful in giving snapshots of the property market, although frequently different lenders figures contradict each others trends.

Price comparison sites

Comparison websites, such as Moneynet ( http://www.moneynet.co.uk/mortgage-re search/index.shtml ), provide an impartial analysis of mortgage deals, alongside an analysis of what people are buying and borrowing in terms of property. The information provided by these sites can become slightly distorted by speculative enquiries where purchases are never intended to be completed, and no track record is kept on actual house purchase amounts.

Royal Institution of Chartered Surveyors ( http://www.rics.org/default )

A survey from the Royal Institution of Chartered Surveyors, based on responses from a small number of the institute's members in England and Wales, shows the surveyors' confidence in house market prices (rising or falling), rather than what is actually happening.

Property websites

Rightmove ( http://www.rightmove.co.uk/ ) use data collected from about 35% of the homes for sale on their website to compile the sample for their survey. As over half of all the UK's estate agent chains list their available properties on the Rightmove site, the sample size is sufficient to provide extensive representative information.

Overall the different measures can all provide potentially useful information for consumers, but there is currently no definitively accurate guide to the UK house price market. Different studies cover different areas of the housing market, and often provide contradictory results. Predicted future trends are always subject to possible inaccuracy, and therefore should not be relied upon for complete accuracy. Buyer and seller beware.

About Rachel and the mysterious Cashzilla
Rachel drinks Guinness and has the best hits of 1987 in her music collection. Rachel writes for the personal finance blog Cashzilla: http://www.cashzilla.co.uk

Cashzilla is a personalfinanosaurus, a special breed of dinosaur with a head and heart for finance. Cashzilla is an Aries. He has a flamboyant character and a tongue that could heat up any conversation. If Cashzilla was an A-Team character, he'd be Murdock.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Forbes

Harness The Knowledge To Beat The Real Estate Market At Its Own Game
Forbes
Ask any group of people what drives the real estate market, and it's a given that you'll get entirely different answers from each. One might say it's simply price. Another might say it's foreclosures. Yet another will argue it's the loan market and the ...


Forbes

What It Takes To Lead An All-Star Real Estate Brand
Forbes
I've been in the real estate business in one way, shape or form for 32 years. I've been in a multitude of roles, from appraiser to working with brokers and agents directly; I've done training, relocation and have led broker services. I now lead ERA ...


Forbes

Four Ways Real Estate Can Boost Retirement Income
Forbes
Even if you manage to sock away a fair amount in your 401(k) every year, it's not unusual to worry that inflation may eat away at the value of your retirement portfolio. To reduce the likelihood of that happening, you can boost retirement income by ...
Northwest Healthcare Properties Real Estate Investment Trust Announces Closing of Australian Seed Portfolio Sale ...Benzinga
Wheeler Real Estate Investment Trust, Inc. Reports Minimal Impact from Hurricane FlorenceNasdaq
SEC FORM 4 - SEC.govSEC.gov
SEC.gov -SEC.gov
all 183 news articles »

Tips to overcome seemingly impossible real estate challenges
The Laconia Daily Sun
If you ever face a tough real estate challenge, I hope you'll draw inspiration from this story about a single mother from Little Rock, Arkansas. Her success may help motivate you to overcome the seemingly impossible. In 2007, Cara Brookins escaped a ...


Commercial real estate transactions from The Oklahoman for Sept. 22, 2018
NewsOK.com
Gerald L. Gamble Co. reports these real estate transactions: • NHC LLC bought an office building at 911 NW 57 from Chesapeake Land Development Co. LLC for $1.3 million. Sue Ann Arnall is manager of NHC LLC. Gerald Gamble represented the seller.


Forbes

How A New Agent Can Claim A Territory In Real Estate
Forbes
When one decides to start in real estate, their family and friends are typically ready to support them in their new venture by connecting with the new agent to help buy or sell. But, how does a new agent connect with locals in their area beyond friends ...

and more »

Las Vegas Review-Journal

REAL ESTATE BRIEFS: Realtors participate in Give Back Day
Las Vegas Review-Journal
Realtors give back to community. Nevada Realtors from all over the state volunteered their time and talents this month to help Nevadans in need as part of a Realtors Give Back Day on Sept. 13. The statewide event was organized by the 2018 Nevada ...


The Briefcase: Allen Tate merges with Pittsburgh real-estate company
Winston-Salem Journal
A Tennessee real-estate developer has spent $829,000 to buy a 1.19-acre undeveloped site adjacent to the Sheetz convenience store at the intersection of Country Club Road and Meadowlark Drive, according to a Forsyth County Register of Deeds filing.


Herald & Review

Sold: Search the latest Macon County real estate transfers
Herald & Review
Decatur. 2225 S. Baltimore Ave., $340,000, Curtis J. Camden trust and Ruth J. Camden trust to Jennifer L. Camp. 4903 Beacon Drive, $66,000, Kim Michelle Shealey to Jerome Hoffman and Chelsea Hoffman ...


Forbes

Three Ways Commercial Real Estate Lenders Are Going To Change The Way We Work
Forbes
When I first started working with large multifamily lenders, I was surprised how few of them made loans for apartments under 50 units. Since larger transaction volumes support larger fees, it makes sense that nearly all of the major real estate lenders ...

Google News

You Have 15 Seconds to Sell Your Home! 11 Steps You Can Take to Sell Your Home for Top Dollar

Selling your home? Here are some suggestions to help you... Read More

Does Staging Work?

Staging can involve minimal effort on the part of a... Read More

Equity

Equity is the value of your home minus what you... Read More

Hassle-Free Homebuying

Perhaps you'd like to take advantage of today's great buyer's... Read More

How To Simplify Your Real Estate Buying/Selling Experience

Today's real estate consumer has a lot to consider during... Read More

Burn, Baby, Burn!

Luxury homes are lots of fun to inspect. Sure, the... Read More

Personal Debt Can Disappear When You Set up a New Business

I teach students how to set up a new business... Read More

Where is the Sophisticated Property Investor Putting his Money?

The Traditional FavouritesOver the last five to ten years, UK... Read More

Kings Bay Georgia Real Estate - An Amusing Tale About a Real Estate Agent

This story is true and not meant to hurt anyone,... Read More

Utah Real Estate

Looking to buy real estate in Utah? The market has... Read More

If You Move Yourself

You'll want to take some items in your own car... Read More

An Estate Planning Primer

An estate plan can be designed by clients and their... Read More

Dubai or not to Buy? A Short Assessment of the Dubai Property Market

Never has there been such an ambitious and creative drive... Read More

How to Sell Your Home Without a Real Estate Agent

Considering the rapid rise in home prices over the past... Read More

Hey Landlord! Is Your Lease Legal?

The longer you are a landlord the more you strive... Read More

How to Buy Your Own Home

Buying Your First HomeBuying Your Own Home isn't nearly as... Read More

Buyers Closing Cost

Buyers, borrower, closing costs can be divided into two categories.... Read More

Are Signs Important?

Signage, though quite fundamental in nature, plays an important role... Read More

Property in Northern Spain

If you're looking for the 'real' Spain where the culture,... Read More

Real Estate Tax Incentives

Lower Your TaxesTax incentives for real estate investors can often... Read More

Is It Wise to Take My Home Off the Market for the Holidays?

Let's say you've had your home on the market for... Read More

Law & Logic of Homeowner Association Capital Reserves

In October 1999, Oregon was one of the first states... Read More

If You are Hiring a Neighborhood Specialist to Sell Your Home, there are Some Things You Absolutely

My husband and I were eating breakfast at the Good... Read More

Real Estate Investing: Infomercial and Mentoring Scams

Flipping through late-night infomercials recently, I saw two real estate... Read More

Fixing Houses for Resale: Three Beginning Steps to Increase Profits and Have Fun

Real estate investors specializing in fixers make higher profits when... Read More