has the housing market?
slowed down or is my estate agent having a laugh been on market 4 months now only 1 viewer manchester uk or am i to inpatient
i can assure its not over priced four bed terraced immaculate 128.950 offers above
thanks delboy could come back and bite your arse u think
Repossession
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As a person unable to buy a house in the area I work due to ridiculous prices and the fact that Labour are protecting those with money (those which own more than one house then rent it out) … I sincerely hope it has slowed down. Then maybe in 20 years time my wage may have caught up so I can buy too. (Btw .. I am not a youngster and both myself and my partner are well-ish paid professionals, but it seems a combined income of around £55k a year isnt enough, not down here anyway.)
Blimey, that would get you possibly a 2-bed Terraced/Apartment shoe-box for that down here sadly.
Rant over …. Good luck. : )
Too much money or not presented well enough.Manchester UK
everyone is scared of buying at this time as the interest rate is rising so when the banks have got there money back by taking your home away from you then it will once again become a buyers market
I think it has gone into reverse in the part of the Midlands where we live – noticed in one Estate Agent’s today that you can still buy a modern 3-bed house for £140,000 ish – prices around here don’t seem to have changed much in the past 3 years. There is certainly a lot of property advertised in the local paper and For Sale boards all over; maybe it’s the trend away from the South of the Country.
Have you thought of putting your own ad in the paper?
Yes, the housing market has slowed down overall, and the extent to which it has slowed down depends on where you live and what kind of property you’re trying to sell.
The collapse of the sub-prime lending market has foreclosures rising. In Dallas & Ft. Worth, for example, foreclosures have risen between 40 – 50%. As a result, banks & othert lending institutions have raised their requirements for granting loans.
Most of these problems affect the starter home market, but these things have a ripple effect.People with starter home wanting to move up, will have problems selling their homes & thus, problems buying more expensive real estate, etc., etc., as you move on up the scale.
Check out this link. It will tell you where in the US (as of June 21) prices in real estate are rising, declining or static as well as where properties are over or under-valued.
If you live on the west coast, you’re basically screwed.
No the market has not slowed down,you need another state agent this one is not doing a good job.
Yes the market has slowed a lot there is an optimum time to sell a house and the it seems to go “stale” March to June are usually the best times but this year has been terrible, the weather, interest rates could be anything. Another point, dont beat yourself up about it either last year I moved house and bought a s…t hole only to see a fab one go up after I moved in the street – that same house is still up for sale and I would have snapped it up, 2 mths before, just unlucky, keep hoping and dont be tempted to reduce your price either if you think its fair, if you can wait, take your house off market if the time has elapsed when you need to give the estate agent a fee and take the time off to do all the House Doctor suggestions, then put it up with another estate agent. Good Luck.
You may not think your house is over priced but its only worth what someone will pay you for it. We must stop houses being investments and items for speculation and get back to houses being homes. Youngsters and other first time buyers cannot easily afford to buy a home and those who do risk financial ruin when the prices really fall and they are left with negative equity. The banks and lenders will insist on getting their money back despite the inevitable drop in property prices. Hopefully speculators will take the biggest losses of all when their multiple house purchases result in multiple price reductions below the purchase price. Those who think their house is worth 150 or 200 k will feel bad when they only sell for 60% of their “worth” but until the UK housing market changes big time, there will be constant discontent.
Just work out for yourself who really benefits from an over inflated property market. The landowners, the money lenders, the tax man. Not us ordinary punters for sure.