Timing can have a great impact on the value of the purchase. However, it could be difficult working out the right time to buy a house in a volatile market. In this second part of the article, the research team will proffer some suggestions on how to identify signs for home buying in the context of the current environment of the Malaysian housing market. These suggestions are based on their statistical findings / results obtained accordingly and the application of conventional wisdom.
The Malaysian housing market was experiencing an almost unprecedented price growth over the past few years. It was only until around 2013 that prices appeared to have stabilised. As home prices spiralled higher, people are beginning to wonder if the local housing market is in a housing bubble which is ready to burst. Nevertheless, the housing price index data suggests that the market is not on the brink of collapse. But logically, what goes up must come down and vice versa.
Using the year-on-year increase in housing prices, a movement of housing prices over the period of 1990 to 2016 was tracked using a simple graphical method, followed by a statistical algorithm for the verification of the results. Not only are the results traced out in Figures 1 and 2 supportive of each other, they are in line with the historical records. www. PropertyHunter. com. my 37