Halifax: House prices down -2.3% MoM, 17.7% YoY, 19.68% from peak.

mbga9pgf

stevetodd wrote: »

Excellent, I hope you are correct, overshoots are great, it means much more profit when buying near the bottom

ps still waiting to hear why I am desperate

Well steve, I hope you have saved a big deposit if you want to buy at the bottom, there is a reason why prices will be cheap...

That deposit you have, you better factor in any negative equity you have on your current property. Because the Bank will.

You sound desperate because you are chiseling with the same arguments bulls were using when the crash started. 20% ago.

zag2me

Yeh went up alot last month, down alot this month, but at least the trend is down.

ad9898_3

mitchaa wrote: »

So cries of losses of £3k this month, what about last months gains of over £4k?

Got to give Mitch is due here, we can't have it both ways. If the figures were right this month, then were right last month, and to be fair, some houses near me did put their prices up, however none of them sold, and some have reduced again in the last couple of days.

stevetodd

mbga9pgf wrote: »

Well steve, I hope you have saved a big deposit if you want to buy at the bottom, there is a reason why prices will be cheap...

That deposit you have, you better factor in any negative equity you have on your current property. Because the Bank will.

You sound desperate because you are chiseling with the same arguments bulls were using when the crash started. 20% ago.

Prices would have to fall a total of about 90% for negative equity to reach me and yes I have enough deposit to buy the 3 houses that I want to.

But just like you I am waiting to buy, except I am going to buy at least 3 houses, nowhere near desperate try again

Reaper

The BBC finally got round to posting the story. It says:

there were "tentative" signs that housing market activity was beginning to stabilise

Now this gets me quite annoyed because further down the story we hear what Halifax had to say:

While market activity remains at very low levels, there are some tentative signs that activity may be beginning to stabilise. The house price to earnings ratio - a key measure of housing affordability - has fallen to its lowest level for six years

In other words there are no tentative signs at all. They are just praying that falling mutiples (which are still very high by the way) mean it might slow in the future.

I hate spin.

mbga9pgf

ad9898 wrote: »

Got to give Mitch is due here, we can't have it both ways. If the figures were right this month, then were right last month, and to be fair, some houses near me did put their prices up, however none of them sold, and some have reduced again in the last couple of days.

It doesnt get around the fact that the overal trend is down, hard, and the recession hasnt even bitten hard yet.

wigglebeena

uh yeah, if he doesn't want to sell what is he desperate for, exactly? (BTW I'm a big furry brown BEAR so no axe-grinding here. Let the market drop like a stone, maybe I'll be in with a chance!)

ad44downey

A 2.3% CRASH in a single month, that's mammoth. it's even better than expected.

House prices, the word is

Timber!!

Really2

Reaper wrote: »

The BBC finally got round to posting the story. It says:
Now this gets me quite annoyed because further down the story we hear what Halifax had to say:

In other words there are no tentative signs at all. They are just praying that falling mutiples (which are still very high by the way) mean it might slow in the future.

I hate spin.

I have to disagree there are no signs of prices stabilising but I heare activity is up I think transactions have increased for the last 4 months now, which in a way is positive even though prices are falling.
At least houses are selling which could be a sign of slightly better liquidity.

Really2

ad44downey wrote: »

A 2.3% CRASH in a single month, that's mammoth. it's even better than expected.

House prices, the word is

Timber!!

Was it

5, 4, 3, 2, 1 Blast Off last month.:D