Redrow Share Discussion Threads

[yertiz] 19/7/2023 08:26

Inflation figures out.

[mx5richard] 19/7/2023 08:16

Why the rise this morning ?

[craftyale] 13/4/2023 08:18

And it seems well timed. Back over 500p. :))

[craftyale] 13/4/2023 05:59

Div received and reinvested.

[craftyale] 08/2/2023 14:01

Approaching a 12 month high

[l0ngterm] 25/1/2023 16:52

Have black rock increased their holding?

[mx5richard] 13/1/2023 08:23

Sales are picking up on the Basildon site since new year

[craftyale] 12/1/2023 13:38

Its been a great months. Looking forward to the div.

[sikhthetech] 12/1/2023 11:43

There you go, as expected, H2B ending has a sharp impact on the sales rates..

Sales falling off the cliff. Monthly cash cost of mortgage payments to FTB approx doubled!!!

Energy price surge, tax increases on top of that..

And it's early days.


PSN TU:

"Higher mortgage rates, inflation, heightened market uncertainty and the end of reservations under Help to Buy in England, had a sharp impact on the Group's private sales rates in the fourth quarter and will have an adverse impact on the outlook for 2023. Taking together the absence of Help to Buy and the increase in mortgage rates, we estimate that the monthly cash cost of mortgage payments for some first time buyers has approximately doubled over the past year(1) compounded by limited availability of high loan to value mortgages. While we are promoting initiatives to stimulate demand, including the recent launch of our "10 months mortgage free" customer offer, which generated a strong increase in website enquiries in its first week, it is too early to predict when there will be a recovery in demand."


sikhthetech - 18 Dec 2022 - 20:15:56 - 3892 of 3964
HBs updates are due in about a month.

H2B ended to new applications at end of Oct, mortgage interest rate rises, affordability at crisis point...

Completions will still be ongoing for orders already taken. The last 3 months of sales, cancellations will be the interesting points.

Consequences of H2B ending and the delay in buying by potential buyers waiting for interest rates to come down should have a negative impact on housing market.

[craftyale] 12/1/2023 09:38

Back over 500p

[craftyale] 04/1/2023 10:43

Div declared in a months time. 11-12p id suggest for the interim.

[sikhthetech] 23/12/2022 12:56

Market now closed for Christmas.


Merry Christmas.

Have a good one.

[sikhthetech] 20/12/2022 18:35

House prices to edge lower by 5% in 2023: Nationwide

Nationwide says it will be hard for the market to regain momentum in 2023 with economic headwinds set to strengthen.





No Help to buy
Buyers holding off until interest rates fall.
Increase in homeowners in severe mortgage debt/repossessions

[sikhthetech] 07/12/2022 13:35

There you go...

UK house prices fall at fastest rate for 14yrs... since GFC property crash...as expected..
;-)


UK house prices fall at fastest rate in 14 years, says Halifax
Average price of property in November was £285,579, down 2.3% from £292,406 in October

[aimingupward2] 01/12/2022 10:08

It seems that the more Sikhthetec talks this down the more it goes up.

[craftyale] 01/12/2022 08:13

Slow and steady we move up, a nice finish to the week.

[sikhthetech] 28/11/2022 20:52

There you go, demand falls significantly and supply increases, as expected..
;-)


UK property demand slides 44% after market-rocking mini-budget, study shows


Buyer demand fell 44% year-on-year in the four weeks to Nov. 20, according to property website Zoopla, while new property sales declined 28%. The stock of homes for sale was up 40% over the same period.






sikhthetech - 23 Oct 2022 - 16:08:22 - 1243 of 1261 The Redrow Thread
Mortgage rates are very likely to fall in months ahead.

The direction of the housing market and interest rates will become clearer once the new PM is elected, new policies announced, particularly to support the housing market and the next BoE interest rate meeting, currently 3rd November.

The current Help to Buy scheme ends to new applications in a week. Who knows if the govn comes up with a new scheme.


When more and more media report future rates falling, housing market crash then a lot of people will hold off until the rates fall and housing market crash over.

That will result in a loss of millions of pounds in potential revenue and cash for HBs and falling demand for housing market, whilst those who were thinking of selling will do so sooner rather than delay it.

Watch the demand fall and supply increase.

[imastu pidgitaswell] 24/11/2022 09:11

And quite a few of those by the company at those prices...

[craftyale] 24/11/2022 09:10

Sub 4 was a great buy.

[ammons] 14/11/2022 18:57

Sikh, stick to ramping the TLY dog. Everyone knows house prices will fall. They generally do when interest rates rise and there is a recession.

[sikhthetech] 14/11/2022 18:27

Rightmove.

House prices fall in November

Oct avg £371,158
Nov avg £366,999