Quick Move FTI Falls To 34%
Quick Move FTI* falls to 34%
The aborted sale rate has been running at over 35% for the last 4 months so a fall should offer some respite to home buyers and sellers.
Unfortunately we think that a very low fall through rate in April may have dragged down the index average, but we shall have to wait and see.
Obviously it would be good news for the whole housing market if the house sale abort rate continues to fall. Most home sellers do not appreciate the huge impact an aborted sale can have on a chain. Each homeowner will have invested considerable cash, time and emotion in the sale and most of this cannot be recovered even if the property is re-sold.
Unfortunately 2010 is going to be a difficult year for the housing market and we believe house prices, house sale volumes and the fall though rate will all continue to fluctuate as the wider economy stutters along.
*This figure is based on house sales that are professionally qualified and managed and the true rate of fall through for normal house buyers and sellers is likely to be much higher.
The aborted sale rate has been running at over 35% for the last 4 months so a fall should offer some respite to home buyers and sellers.
Unfortunately we think that a very low fall through rate in April may have dragged down the index average, but we shall have to wait and see.
Obviously it would be good news for the whole housing market if the house sale abort rate continues to fall. Most home sellers do not appreciate the huge impact an aborted sale can have on a chain. Each homeowner will have invested considerable cash, time and emotion in the sale and most of this cannot be recovered even if the property is re-sold.
Unfortunately 2010 is going to be a difficult year for the housing market and we believe house prices, house sale volumes and the fall though rate will all continue to fluctuate as the wider economy stutters along.
*This figure is based on house sales that are professionally qualified and managed and the true rate of fall through for normal house buyers and sellers is likely to be much higher.
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Fall Through Index
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