Hey, My Hometown's Had A House Price Crash!

[Timelash]

So here I am, renting in London, working hard, saving and wishing the HPC would hurry up. Suddenly my heart is cheered by a story about Middlesbrough in The Guardian that says that house prices in Hartlepool fell 17.5% last year. And Jon Ronson writes as if that's a bad thing.

[Little Professor]

I think it's obligatory to post this whenever there's an article about Hartlepool

[fluffy666]

Our street has. House bigger than ours recently went for 20k less than we paid. That's 20k of funny money 'wealth' we'll not be seeing in a hurry..

[The XYY Man]

So here I am, renting in London, working hard, saving and wishing the HPC would hurry up. Suddenly my heart is cheered by a story about Middlesbrough in The Guardian that says that house prices in Hartlepool fell 17.5% last year. And Jon Ronson writes as if that's a bad thing.

And yet our very own local paper tells a slighlly different story about the Hartlepool housing market...

Housing Market Moving At Last In Hartlepool

Seems to me that there's some journalistic monkey business going on here, and we all know what happens to monkeys in these parts...

XYY

[aptid]

I have been watching the top end of the market for some time and some of the prices are masiively overvalued. Not much in the way of reductions in that property band either, despite not much selling.

[Dorkins]

And yet our very own local paper tells a slighlly different story about the Hartlepool housing market...

Housing Market Moving At Last In Hartlepool

Seems to me that there's some journalistic monkey business going on here, and we all know what happens to monkeys in these parts...

XYY

There might actually be a grain of truth in it though...

HARTLEPOOL is bucking the gloomy national trend in the housing market with demand in town on the up.

If prices really have fallen a significant way, I'd expect the number of transactions to start to rise as people are priced back into the market again.