Halifax +2.6 % MoM

Heyman_2

BBC is reporting it as breaking news, that's where I saw it anyway.

chucky

IveSeenTheLight wrote: »

Where do you see the +2.6% increase.

I went to http://www.lloydsbankinggroup.com/media1/research/halifax_hpi.asp and cannot see the latest report

it's on Forex's site as +2.6% issued at 4am EST

ad9898_3

chucky wrote: »

a surprise but not really a shock. should be like this to about mid-summer i would have thought.

i'm bored already. where's the arguments??

There is none chucky, it would be absurd to try and paint this any different than what it is, my only feeble argument today is that I still say prices will be lower by the end of the year than they are now, and obviously we all know that prices never continually go up or down, whether boom or bust is happening.

baileysbattlebus

Heyman wrote: »

BBC is reporting it as breaking news, that's where I saw it anyway.

I saw it on the BBC website - I couldn't see it on Lloyds website.

JonnyBravo

http://newsvote.bbc.co.uk/1/hi/business/8082582.stm

Graham_Devon

ad9898 wrote: »

There is none chucky, it would be absurd to try and paint this any different than what it is, my only feeble argument today is that I still say prices will be lower by the end of the year than they are now, and obviously we all know that prices never continually go up or down, whether boom or bust is happening.

I don't think anyone could paint it any differently.

Thats a monumental jump in prices, up around 4% in one month, considering it was -1.7% last month....basically outstripping anything we saw in the boom.

Wonder what the actual reason is? People actually taking notice of green shoots and "buy now before its too late"?

Whatever it is, the bulls have excelled this month.

baileysbattlebus

ad9898 wrote: »

There is none chucky, it would be absurd to try and paint this any different than what it is, my only feeble argument today is that I still say prices will be lower by the end of the year than they are now, and obviously we all know that prices never continually go up or down, whether boom or bust is happening.

I agree, in the last recession (I know it's different this time) prices went up and down slightly for several years.

This is could be the same.

chucky

ad9898 wrote: »

There is none chucky, it would be absurd to try and paint this any different than what it is, my only feeble argument today is that I still say prices will be lower by the end of the year than they are now, and obviously we all know that prices never continually go up or down, whether boom or bust is happening.

we both tend to agree on the trend - we just don't agree on the size of the drops/increases.

my only comment is that i'm very surprised that people can't see the 'upturn' be it short lived or temporary. those that deny there is one are in la-la-la land.

ad9898_3

Heyman wrote: »

BBC is reporting it as breaking news, that's where I saw it anyway.

It's funny how the minus's are never breaking news isn't it, they're obviously out to change sentiment, which in a normal crash would make a significant difference, however when the money runs dry, sentiment won't count for as much as it usually does, the question is now, will QE be reigned in ?, or even perhaps the BoE base rate forecast of 0.5% for at least 12 months change ? I guess time will tell.

chucky

Graham_Devon wrote: »

Whatever it is, the bulls have excelled this month.

oh please Graham - higher house prices aren't good for anyone