{"id":685,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/rightmove-house-prices-up\/"},"modified":"2016-09-08T14:02:35","modified_gmt":"2016-09-08T14:02:35","slug":"rightmove-house-prices-up","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/rightmove-house-prices-up\/","title":{"rendered":"Rightmove House Prices Up"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-family: Verdana; font-size: 10pt;\"><img loading=\"lazy\" title=\"Housing Market Bubble\" src=\"\/uploads\/media\/house market bubble.jpg\" alt=\"\" width=\"250\" height=\"187\" longdesc=\"House Market Bubble\" align=\"right\" border=\"0\" \/>The news from Rightmove confirmed the strange market phenomenon of rising prices in an economy still in recovery with the <a href=\"https:\/\/www.thehouseshop.com\/compare-estate-agents\" title=\"estate agents\">estate agents<\/a> website figures indicating the largest October house price rise in 6 years! <\/span><\/p>\n<p class=\"style53\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">The average asking price rose to 230,184 pounds ($374,417) from 223,996 pounds in September, marking the largest October rise in six years and leaving the average price up 0.2% compared to October 2008. That&#8217;s the first time the average price has been up on a year-on-year basis since June 2008, when it rose 0.1%.<\/span><\/p>\n<p class=\"style53\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">The UK\u2019s leading private sales The House Shop\u00a0director Jane Marr \u201cIt\u2019s clear that this is all about lack of supply and once home sellers have the confidence to get back on the housing market we can see prices stabalising\u201d \u00a0<\/span><\/p>\n<p class=\"style53\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">The Rightmove <\/span><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/house-prices.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">House Price<\/span><\/a><span style=\"font-family: Verdana; font-size: 10pt;\"> data found the recovery comes amid a thin market. Transactions remain 54% below 2007 levels, with the lack of supply driven by homeowners unwilling to move due to the economic backdrop. <\/span><\/p>\n<p class=\"style53\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">According to new data from the Council of Mortgage Lenders gross mortgage lending totalled an estimated \u00a312.5 billion in September, a 2% rise from the \u00a312.3 billion in August but down 27% from September 2008. Gross lending in the third quarter of 2009 was an estimated \u00a338.9 billion, an 18% increase from the second quarter and down 36% from the third quarter of last year.<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">In today\u2019s CML market commentary, CML economist Paul Samter observes:<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">\u201cHouse buying activity is running at considerably higher levels than around the turn of the year. However, it remains weak on any historic comparison and is unlikely to rise much further given the constraints the lending community faces and a still difficult economic backdrop.<\/span><\/p>\n<p class=\"style53\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><span style=\"color: #333333;\">\u00a0<\/span><\/p>\n<p class=\"style53\" style=\"margin-top: 0px; margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">Seeking a property to buy The House Shop\u00a0has thousands of homes for sale direct from the owner who are saving money on commission fees. <\/span><\/p>\n<div class=\"style47\" align=\"left\"><\/div>\n<p class=\"style47\" style=\"margin-top: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">See <\/span><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/houses-for-sale.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">Houses For Sale<\/span><\/a><\/p>\n<p class=\"style47\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\">\u00a9 <\/span><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/news\/uk-housing-market-news.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">Housing Market News<\/span><\/a><span style=\"font-family: Verdana; font-size: 10pt;\"> by The\u00a0House Shop<\/span><\/p>\n<p style=\"margin-top: 0px;\" align=\"left\">\n<div class=\"style49\" style=\"margin-bottom: 0px;\" align=\"left\"><span style=\"font-family: Verdana; font-size: 10pt;\"><strong>Useful resources<\/strong><\/span><\/div>\n<p class=\"style8\" style=\"margin-top: 0px;\" align=\"left\"><span style=\"font-family: Verdana, Arial, Helvetica, sans-serif;\"><a href=\"http:\/\/www.thelittlehousecompany.co.uk\/home-information-packs.htm\"><span style=\"font-family: Verdana; font-size: 10pt;\">Home Information Packs <\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news from Rightmove confirmed the strange market phenomenon of rising prices in an economy still in recovery with the estate agents website figures indicating the largest October house price rise in 6 years! The average asking price rose to<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/rightmove-house-prices-up\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/rightmove_house_prices_up","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/685"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=685"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/685\/revisions"}],"predecessor-version":[{"id":8234,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/685\/revisions\/8234"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=685"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}