Episode Details
Back to Episodes"PANIC BUYING AS HOUSE PRICES RISE" 🤦🏻♂️🤦🏻♂️🤦🏻♂️
Description
This is why the Rightmove House Price Index is extremely unhelpful. https://mhwc.co.uk
NOTICE: A HIGHER "AVERAGE" PRICE DOESN'T NECESSARILY MEAN HIGHER PRICES.
If more large, detached, higher-value homes are being listed than usual, this too will make the "average" figure higher, EVEN if underlying individual prices are lower.
Almost everyone is automatically interpreting today's RM figures as "House prices rising", when it is almost certainly just more large properties coming to market.
In fact, the rise in transaction volumes being reported, even with more properties coming to market, would suggest that ACTUAL prices are moving LOWER.
The undisputed large fall in first time buyer mortgage approvals AND mover mortgages proves that demand is LOWER.
Do you really actually believe that prices are going up?
Watch the video here: https://youtube.com/live/R6dAQ0Nj9tQ
Follow me on X for daily updates: https://x.com/moving_charlie
🎥 Charlie's Golden rules videos for
Buyers: https://www.youtube.com/watch?v=h6T-uZ28a80
Sellers: https://www.youtube.com/watch?v=W9oR28aWLOs
Offering: https://www.youtube.com/watch?v=iZaDs7uZ5Hw
🎥 Playlist of FTB advice - https://www.youtube.com/playlist?list=PLKomt2RI3JYnJ3imNEWjKGkszf_bzqDfe
📧 E-mail template for cash offers - https://mhwc.co.uk/email-templates/suggested-email-offer-template-for-cash-buyers/
📧 E-mail template for FTB mortgaged offers - https://mhwc.co.uk/suggested-email-template-for-first-time-buyers-making-an-offer-with-a-mortgage/
💰Speak to Charlie’s recommended mortgage brokers - https://mhwc.co.uk/mortgage/
🧑⚖️ Get a quote from Charlie’s recommended conveyancers - https://mhwc.co.uk/conveyancing/
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