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

mitchaa

angrypirate wrote: »

4k gains? What are you smoking? Lets use the non seasonally adjusted figures
168,158
162,848
158,437
159,818
159,208
Oh look, the NSA show that they only went up by 1.4k, not 4.2k.

At least compare apples with apples my friend.

I still see £159,208 as higher than £158,437. Additionally i still see that £159,818 down to £159,208 is not a £3k drop. I was responding to £3k drops this month, i responded with £4k gains last month.

If you want to be ar*ey i could have said prices dropped £610 in February, but gained £1,381 in January.

Lets just use the seasonally adjusted here though as that is what is being reported on:rolleyes:

Please try harder, i dont want what you are smoking

ad44downey

ad9898 wrote: »

Halifax: House prices down -2.3% MoM,

On hearing the news this morning krusty allsopp choked on her cornflakes

ad9898_3

ad44downey wrote: »

On hearing the news this morning krusty allsopp choked on her cornflakes

Well, I actually agree with her, it's definately Stamp Duty that's causing all this.

Sir_Humphrey

ad9898 wrote: »

Well, I actually agree with her, it's definately Stamp Duty that's causing all this.

She'll be fine now she's working for David Cameron. How's about Baroness Krusty of Klown, housing minister in the DCLG? *shudder*

chucky

· The house price to earnings ratio – a key affordability measure - is at its lowest for six years. The house price to average earnings ratio has declined from a peak of 5.84 in July 2007 to an estimated 4.42 in February 2009; a fall of 24%. The ratio is at its lowest level for six years (February 2003: 4.41). The long-term average is 4.0.

Cannon_Fodder

What is the long-term under-shoot average?

ad9898_3

chucky wrote: »

· The house price to earnings ratio – a key affordability measure - is at its lowest for six years. The house price to average earnings ratio has declined from a peak of 5.84 in July 2007 to an estimated 4.42 in February 2009; a fall of 24%. The ratio is at its lowest level for six years (February 2003: 4.41). The long-term average is 4.0.

This is a fair point to make, but with the fear of job losses and 12 months of recession at least, mean people are taking little notice of this.

chucky

looking at those figures closer it just shows you where the real problem areas are - Northern Ireland averages out at a -32% drop.

surely that has to have some impact on the national average numbers

angrypirate

mitchaa wrote: »

At least compare apples with apples my friend.

I still see £159,208 as higher than £158,437. Additionally i still see that £159,818 down to £159,208 is not a £3k drop. I was responding to £3k drops this month, i responded with £4k gains last month.

If you want to be ar*ey i could have said prices dropped £610 in February, but gained £1,381 in January.

Lets just use the seasonally adjusted here though as that is what is being reported on:rolleyes:

Please try harder, i dont want what you are smoking

I do agree, apples should be compared to apples, which is why i find the halifax figures all a bit of a joke.

The seasonal adjustment varies hugely from year to year. This makes them hugely open to fiddling in the short term.

This year, I anticipate there will be no spring bounce effect (any green shoot have been well and truely shat upon) and in my opinion seasonal adjustment should be minimal this year.

Come may / june / july we will see huge monthyl falls as season adjustment will take the figures from being averagely negative to being very negative.

stephen163

chucky wrote: »

looking at those figures closer it just shows you where the real problem areas are - Northern Ireland averages out at a -32% drop.

surely that has to have some impact on the national average numbers

Not a lot -
NI population ~ 1.8m
UK population ~ 61m