Halifax -2.6% in November

skap7309

Really2 wrote: »

So Halifax and Nationwide are now conflicting.

Although delayed the LR figures are going to be the most accurate. (due to the ammount of transactions for all lenders)
The transactions these two must be basing their reports on must be so low they could be thrown very easily.

I totally agree but looking at the stats Halifax is in fact showing the closest housing valuations to the LR than any of the other 'big' data collectors.

sarkin

Ok dont panic it's only 2.6%, only you say, 2.6% thats like massive oh my god, oh my god, stay calm, stay calm, breath, relax count to 10.

Ok

2.6% no it cant be

ad44downey

ginvzt wrote: »

· The UK average house price is 124% higher than ten years ago. The current average price is more than £90,000 higher than in November 1998 (£73,129).

Fionnuala Earley of the Nationwide has alot to answer for starting all this "House Prices are still 150% than they were during the Black Death" nonsense. :rotfl:

purch

So Halifax and Nationwide are now conflicting.

There's only one way to sort this out !!!!

FIIIIIIIGHT !!!!! :eek:

Really2

skap7309 wrote: »

I totally agree but looking at the stats Halifax is in fact showing the closest housing valuations to the LR than any of the other 'big' data collectors.

Not if you take in to account the LR figures are 3 months delayed.
That would make the nationwide closest

LR Oct = £165,529 (equiverlent of August)

Aug Nationwide = £164,654
Aug Halifax = £174,178

But going on the fact their could be regional variaitions on both. But nationwide seem to be closer to the UK as a whole average.

tomstickland

Has anyone linked to the "when is a record not a record" article yet?

Generali

tomstickland wrote: »

Has anyone linked to the "when is a record not a record" article yet?

Yup, !!!!!! did I think(???). Interesting piece. Obviously it started a massive row but almost everything does round here!

TDS_2

Down 2.6%...oh my f*cking gosh!

Was just wondering what "prices are still X% higher than Y" soundbite they'd use if prices did drop 50% (I don't envisage such falls myself, but it would be worth it just to see what they say)

drbeat

I don't care much for these figures to be honest. What I look out for is first hand evidence that "things.......are not getting better...are not getting better"!!! This can be easily observed by using property bee which for my region - West Midlands - is showing HUGE house price cuts. Another observation is the growth of half-built flats on deserted building sites with huge billboards displaying "A GREAT OPPORTUNITY FOR THE FIRST TIME BUYER"...LOL!!!!

stevetodd

I think we all know prices are going to fall to at least 35% (38% would be my guess) from the top, it's what happens when they get to that level that I think is more significant. Bigger falls at the moment IMO just means we will get to the bottom a little quicker I don't think it particularly means the bottom wil be further down.