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Debate House Prices


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Halifax figures Thursday - Chief Economist or Spin Merchant?

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I make it down 8.6% YoY
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    -6.1% YoY according to the report.
    Spring into Spring 2015 - 0.7/12lb
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ginvzt wrote: »
    -6.1% YoY according to the report.

    Presumably that's the change in the 3 month moving average.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    June 2007 House prices index = 639
    June 2008 House prices index = 583.7

    (583.7-639)/639 = -8.65%
  • obsessed_saver
    obsessed_saver Posts: 511 Forumite
    Part of the Furniture
    Wonder why the delay?
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    The analyst must have been on holiday - they couldn't hire replacement!
    Spring into Spring 2015 - 0.7/12lb
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    obsessed_saver wrote: »
    Wonder why the delay?

    They have a lot of other problems to cope with.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    Generali wrote: »
    June 2007 House prices index = 639
    June 2008 House prices index = 583.7

    (583.7-639)/639 = -8.65%

    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?
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    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?


    I'd be really iterested in seeing clear stats of the peaks and troughs through out the last half century.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    lostinrates wrote: »
    I'd be really iterested in seeing clear stats of the peaks and troughs through out the last half century.

    I've struggled to get numbers going back past 1974. I'd be interested in good sources of historical house price data too.
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