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

ess0two

Aint no big deal really,still wont stop me enjoying myself,holidaying and my mortgage is cheap enough.
Seems the savers/bean counters will still be waiting for the bottom maybe next year?or after who knows?
All about quality of life it aint the be all and end all of saving,you cant deny yourself or your family quality of life through saving every bean.

skap7309

StevieJ wrote: »

On the other hand -0.4% over two months maybe not even that.

Or perhaps if Brown did not fiddle the figures maybe more than -0.4%....................;)

Really2

Cannon_Fodder wrote: »

In which document?

I was looking at http://www.lloydsbankinggroup.com/me...bruary2009.doc for latest month.

http://www.lloydsbankinggroup.com/media/excel/historic_data_Feb09.xls

Regards.

stevetodd

lethal0r wrote: »

how is everyone enjoying the same argument you had last month? and the month before? and the month before....

and next month and the month after that. These falls are predictable I can'tsee why everyone is getting so excited. These monthly falls will continue, it will not get interesting until we are about a further 12% down

Sir_Humphrey

Of course the Halifax index is fixed by the government - err - manipulation - flibble

mitchaa

Cannon_Fodder wrote: »

In which document?

I was looking at http://www.lloydsbankinggroup.com/me...bruary2009.doc for latest month.

http://www.hbosplc.com/economy/includes/05_09_07HousePriceIndexAug2007.pdf

If you look at this link below, each and every monthly release is available to view..(They are directly linked to the original halifax document)

http://www.housepricecrash.co.uk/indices-halifax-national.php

skap7309

mitchaa wrote: »

But yet they are still higher than they were 2 months ago back in December.

Facts are facts:p

Or -19.68% since Aug 07. I like that fact better.

Cannon_Fodder

mitchaa wrote: »

But i am using their own figures..

http://www.hbosplc.com/economy/includes/02_01_09HousePriceIndexDecember2008.pdf

Clearly shows £159,896:p

Figures get revised...

The amount by which December dropped has been revised to -1.6 instead of -2.2...

I'm surprised you did not notice, as it would have been useful evidence of house prices not falling as hard as people as previously said.

Waiting expectantly for the January positive value to be revised...

ukcarper

As someone who as almost paid for his house, has no desire to move and won’t go into negative equity unless house prices drop 95% in the next year. It’s quite amusing watching these arguments about how much house prices will drop with posters arguing not on facts but their vested interest I suspect that the overall fall will be some where between the two camps.

stevetodd

skap7309 wrote: »

Or -19.68% since Aug 07. I like that one.

Wow! I tested your ave % on the area I am looking in and it almost exactly matches! i.e. 3 bed victorian house down from about 285k to about 230k ie 19.3%