Taylor Wimpey Share Discussion Threads

[scars] 04/11/2010 09:14

fly, baby fly!

[scars] 04/11/2010 09:05

I don't believe they are.

[careful] 04/11/2010 08:57

are these numbers based on asking prices.?
if so they are a farce.
many people ask outdated high prices then give up after 12 months.

[mashraf] 04/11/2010 08:53

House prices show sharp increase
15 mins ago

Buzz Up!


Email StoryPrint Story
House prices rose at their fastest rate for 18 months in October after a steep drop during the previous month, new figures show. Skip related content

RELATED PHOTOS / VIDEOS
House prices show sharp increase
Enlarge photo
RELATED CONTENT
House prices up 1.8 percent in October
House prices up 1.8 percent in October
House prices dip in October
Related Hot Topic: House Prices
Have your say: House Prices
The average cost of a home rose by 1.8% in October, partially offsetting September's record fall of 3.7%, according to Halifax.

But despite the increase, the group warned that the underlying trend for house prices was still downwards.

Property transactions are running at around half their normal level, and this has increased the volatility in monthly house price changes, contributing to the mixture of price rises and falls seen in 2010.

But the quarter-on-quarter change, generally seen as a smoother indicator of market trends, showed an acceleration in the rate at which property prices are dropping.

Homes lost 1.2% of their value during the three months to the end of October, the biggest quarterly decline since June 2009, although he group pointed out that the slide was well down on quarterly falls of 5% and 6% in the second half of 2008.

Martin Ellis, Halifax housing economist, said: "An increase in the number of properties available for sale in recent months, together with a decline in demand, has put some downward pressure on prices. We do not believe that prices are set to fall sharply over a sustained period. Interest rates are likely to remain very low for an extended period, which will continue to support the improved mortgage affordability position for homeowners."

The average home now costs £164,919, 6.6% above the trough reached in April 2009.

But property values have fallen by 2.3% since the start of 2010, and look set to end the year in negative territory if current trends continue.

Howard Archer, chief UK and European economist at IHS Global Insight, said: "Does the 1.8% rebound in house prices in October reported by the Halifax significantly change our view that house prices are likely to soften by around 10% by the end of 2011? In a word, no."

[imastu pidgitaswell] 04/11/2010 08:45

That's quite a statement (AGM), using not particularly diplomatic language.

On the day the Planks print another £600bn for their banks to effectively 'borrow' at 0.25% and lend at whatever, you have to wonder how long the UK banks can and will continue to refuse to lend to perfectly sound applicants. Rebuilding the banks' balance sheets at the expense of the economy, while awarding themselves their bonuses achieved in a false market of quantitative easing will, as the Redrow bloke says, only result in another price-driven boom once lending does restart.

Madness.

[scars] 04/11/2010 08:34

Note when this climbes, it usually goes fast. I believe it is called lock out!

[scars] 04/11/2010 08:05

macd crossed could be a good day, in at 22.91 from last night.

[gcom2] 04/11/2010 08:04

So was tw's!

[robbie paul] 04/11/2010 08:03

Redrow ims was reasonable but bemoaning lack of mortgages for buyers, scaremongering by media.

[scars] 04/11/2010 07:57

That fits with their current land buying scheme, keeping the lan bank well up to date.

[citytrader420] 03/11/2010 21:52

Check out the thread below, superb media player and potential 10 bagger.

[jibba_jabba] 03/11/2010 21:15

Some on here might interest you smurf...

[scars] 03/11/2010 20:20

You have to agree, I mean why would anyone want more than $600Bn!

[shaws37] 03/11/2010 19:25

"but the announcement was likely to disappoint markets, with no bias towards increasing that number in the future."

Cant please anyone these days.

[scars] 03/11/2010 18:54

What to make of the $600Bn QE, good or bad for housing?

[slytherin] 03/11/2010 17:46

Looking at the graph again, you might be right. The climb to 20p in April 2009 was steady, it was above that there was a surge (or unfilled gap as some have referred to).

[volsung] 03/11/2010 17:14

Might be some support at 20p

[slytherin] 03/11/2010 16:53

I momentarily thought about buying back in on recovery to 24p - but at last I've learnt from experience, kept a cool head, and stayed well out. I had the feeling the MMs were sucking in the PI's on the promise of a rally, only to ravage it again.....and lo and behold.....

Trouble is, the chart shows no obvious support (to me)above 10p. I don't for one minute think it will go there again, however it's anyone's guess where a new support level might appear.