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Halifax figures Thursday - Chief Economist or Spin Merchant?
Comments
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lostinrates wrote: »I'd be really iterested in seeing clear stats of the peaks and troughs through out the last half century.
You can get stats since 1952 here:
Nationwide Data DownloadsThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
The report states that the UK housing stock is worth £4 Trillion (£4,000 Billion). That means since January UK house values have decreased by a total of over £342,000,000,000!0
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On an annual basis, house prices in June were 6.1% lower. UK average prices have returned to the level they were at in August 2006. The UK average price remains slightly higher (2%) than two years' ago, more than 10% higher than in June 2005 and almost 40% above that in June 2003.
By next month they won't even be able to roll out the 'Houses are still worth more than they were 2 years ago' nugget
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So a further 29% drop for prices to go back to those of summer 2003.0
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MissMoneypenny wrote: »They have a lot of other problems to cope with.
What other problems?0 -
I think the reason why the figures were delayed is that it took them so long to write the bull***t about how it's not so bad. Perhaps Ellis and friends quickly booked on a creative writing course before producing the report. The interesting figure to me is the 6 month annualised decline at 16.3%.0
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I am a member of a club that has some shares in HBOS (as a result of demutualisation). The treasurer had the rights issue form with him last night, so I know the forms are with the shareholders right now, with an imminent deadline. Maybe the figures were delayed for that reason, so shareholders who sent the form quicker were not spooked.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0
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Prices are already back at August 2006 levels! This crash is going a lot lot faster than the 90s one.poppy100
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MissMoneypenny wrote: »I read that in the last crash, it took 4 years for houses to drop 20%. Anyone got the stats to know if that is true?
Don't know how well this will come out, but here are the monthly Halifax figures for the last crash:Jun-88 2.6 Jul-88 4.1 Aug-88 3.2 Sep-88 3.6 Oct-88 1.5 Nov-88 1.9 Dec-88 1.4 Jan-89 1.3 Feb-89 1.1 Mar-89 1.6 Apr-89 0.6 May-89 1.1 Jun-89 -0.2 Jul-89 -0.4 Aug-89 -0.3 Sep-89 -0.6 Oct-89 -0.5 Nov-89 -0.2 Dec-89 -0.2 Jan-90 1.1 Feb-90 -0.1 Mar-90 -0.3 Apr-90 0.3 May-90 -0.6 Jun-90 0.0 Jul-90 -0.2 Aug-90 -0.2 Sep-90 0.6 Oct-90 -0.3 Nov-90 0.3 Dec-90 0.2 Jan-91 0.1 Feb-91 -0.5 Mar-91 0.0 Apr-91 -0.5 May-91 0.2 Jun-91 -0.2 Jul-91 -0.7 Aug-91 -0.1 Sep-91 -0.6 Oct-91 0.2 Nov-91 -0.6 Dec-91 -0.8 Jan-92 -0.3 Feb-92 -0.9 Mar-92 -0.8 Apr-92 -1.2 May-92 -0.1 Jun-92 0.1 Jul-92 -0.3 Aug-92 -0.3 Sep-92 -3.0 Oct-92 -0.5 Nov-92 0.2 Dec-92 -0.4 Jan-93 -0.3 Feb-93 -0.6 Mar-93 1.3 Apr-93 2.2 May-93 -1.7 Jun-93 -1.3
poppy100 -
Don't know how well this will come out, but here are the monthly Halifax figures for the last crash:
Jun-88 2.6 Jul-88 4.1 Aug-88 3.2 Sep-88 3.6 Oct-88 1.5 Nov-88 1.9 Dec-88 1.4 Jan-89 1.3 Feb-89 1.1 Mar-89 1.6 Apr-89 0.6 May-89 1.1 Jun-89 -0.2 Jul-89 -0.4 Aug-89 -0.3 Sep-89 -0.6 Oct-89 -0.5 Nov-89 -0.2 Dec-89 -0.2 Jan-90 1.1 Feb-90 -0.1 Mar-90 -0.3 Apr-90 0.3 May-90 -0.6 Jun-90 0.0 Jul-90 -0.2 Aug-90 -0.2 Sep-90 0.6 Oct-90 -0.3 Nov-90 0.3 Dec-90 0.2 Jan-91 0.1 Feb-91 -0.5 Mar-91 0.0 Apr-91 -0.5 May-91 0.2 Jun-91 -0.2 Jul-91 -0.7 Aug-91 -0.1 Sep-91 -0.6 Oct-91 0.2 Nov-91 -0.6 Dec-91 -0.8 Jan-92 -0.3 Feb-92 -0.9 Mar-92 -0.8 Apr-92 -1.2 May-92 -0.1 Jun-92 0.1 Jul-92 -0.3 Aug-92 -0.3 Sep-92 -3.0 Oct-92 -0.5 Nov-92 0.2 Dec-92 -0.4 Jan-93 -0.3 Feb-93 -0.6 Mar-93 1.3 Apr-93 2.2 May-93 -1.7 Jun-93 -1.3
And here are this crash's figures thus far:Jun 07 0.5 Jul 07 0.7 Aug 07 0.3 Sep 07 -0.6 Oct 07 -0.7 Dec 07 1.4 Jan 08 0.0 Feb 08 -0.4 Mar 08 -2.5 Apr 08 -1.5 May 08 -2.5 Jun 08 -2.0
Definitely going down much faster :eek:
Apart from one anomaly in Sep 92, most of the monthly falls in the last crash were less than 1%.poppy100
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