UK house prices plunged by 2.5% in March (Halifax seasonally adjusted)

RDB

UK House Prices Plunge Over the Cliff



UK house prices plunged by 2.5% in March (Halifax seasonally adjusted), the fall was far bigger than estimates and points to an acceleration in the pace of house price falls across the UK.



http://www.marketoracle.co.uk/Article4256.html

1984ReturnsForReal_2

Whats with the March 2008 data?

Cat695

Erm how much I like hearing about HP falling.....but that article was written in Apr 2008.

Generali

RDB wrote: »

UK House Prices Plunge Over the Cliff



UK house prices plunged by 2.5% in March (Halifax seasonally adjusted), the fall was far bigger than estimates and points to an acceleration in the pace of house price falls across the UK.



http://www.marketoracle.co.uk/Article4256.html

Ermmm...

From your article:

Housing-Market / UK Housing Apr 08, 2008 - 07:13 PM

From the Halifax website:

- House prices declined by 1.9% in March. This was lower than February's 2.3% fall. The UK average price has returned to where it was in May 2004 (£157,326).
- House prices declined by 2.7% in Quarter 1. This was smaller than the 5-6% falls recorded in each of the three previous quarters.
- House prices in March were 17.5% lower on an annual basis. The annual rate of change (measured by the average for the latest three months against the same period a year earlier) improved slightly from -17.7% in February.

ess0two

Ha Ha major back fire here,Fred Deleeter will be along soon.

Generali

easy mistake to make

sabretoothtigger

Why does this graph look almost positive for the future, shocking
Surely theres another clifftop fall coming or what is all the bother about




http://news.bbc.co.uk/1/hi/business/7980813.stm

Homes were more affordable now that at any time since early 2003, having been at its toughest in July 2007, and existing mortgage-holders were benefitting from falling interest rates.

Generali

sabretoothtigger wrote: »

Why does this graph look almost positive for the future, shocking
Surely theres another clifftop fall coming or what is all the bother about




http://news.bbc.co.uk/1/hi/business/7980813.stm

As it measures rate of change, it has to bottom out at some point.

novazombie

The fall in March was not 2.5% but 1.9%.


http://www.ft.com/cms/s/0/2810d0ee-202b-11de-a1df-00144feabdc0.html?nclick_check=1
Halifax says house prices down 1.9%

neas

sabretoothtigger wrote: »

Why does this graph look almost positive for the future, shocking
Surely theres another clifftop fall coming or what is all the bother about




http://news.bbc.co.uk/1/hi/business/7980813.stm

I love it when people use statistics incorrectly to argue a point... its so easy to counter argue.

If graph you shown levels off at 15%... it would mean every year houses would be falling at 15%.... not 'rising'. Only time they will be rising is when it gets back above the 0% axis (representing a year on year positive rise).

I dislike that graph anyways as a L shape graph will looks weird but is showing houses falling at the same rate..

pizzagirl

Cat695 wrote: »

Erm how much I like hearing about HP falling.....but that article was written in Apr 2008.

There's no harm in hearing good news more than once.