MSE News: Halifax: House prices up again in August (+0.8%)

geoffky

tomstickland wrote: »

Some good comments on the paper's websites.
Not many houses selling compared with 2 years ago.
People that are buying probably have large deposits.

The picture I see from Rightmove and Property Bee is very different.

Any idea what this is on about?
http://www.guardian.co.uk/money/2009/sep/10/halifax-house-prices

Aha, here you go: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6807490.ece

also have a look here
http://www.housepricecrash.co.uk/forum/index.php?showtopic=124970

julieq

You could help, Graham, by selling that house of yours at 50% below peak. That'd start solving the problem, and if you could persuade other like minded altruists to do the same you'd soon start driving prices down and making life better for everyone else.

Obviously though if you don't fancy that for whatever reason, then it wouldn't be surprising if no-one else did either.

Anyone care to join me in a chorus of "kumbaya"?

geoffky

Really2 wrote: »

I know it does not, but their is a fair correlation between the 2 for that time period.

I would not say that the average house is in the middle, but I would say the north seems to be following the south's recovery, just that it took longer to kick itself back in to life.

What is your evidence for the north's recovery?

JonnyBravo

mr_fishbulb wrote: »

It doesn't mean Halifax is 2 months behind. It means the average is somewhere in the middle

Really2 wrote: »

I would not say that the average house is in the middle, but I would say the north seems to be following the south's recovery, just that it took longer to kick itself back in to life.

I suspect both are factors, but the regional one is probably pretty small when they are both national and take regional bias into account in their methodology

julieq

Incidentally if I were a bank with a lot of repos (given that we don't think default rates are actually that high) I'd be looking at setting up a subsidiary to operate them for rental. That could be an interesting side effect of this correction, a transfer of privately owned housing into the commerical sector. I'd be far more worried about that if I were renting than modest HPI.

Graham_Devon

Harry_Powell wrote: »

Serious question Graham, I'm not having a go, I'm just interested.

You take some time to give a real answer to a poster, thinking, hmmm, is this poster really, as he says, not trying to be argumentative etc.....I'm not sure, but I'll give it a go.

In response, you get:

Harry_Powell wrote: »

It must be hard to be you Graham, to have the financial worries of the UK on your shoulders like this. I have to say though that if you're so altruistic then there are far more important issues that you could be championing than the cost of a pile of bricks in a wealthy western country.

julieq wrote: »

You could help, Graham, by selling that house of yours at 50% below peak. That'd start solving the problem, and if you could persuade other like minded altruists to do the same you'd soon start driving prices down and making life better for everyone else.

Obviously though if you don't fancy that for whatever reason, then it wouldn't be surprising if no-one else did either.

Anyone care to join me in a chorus of "kumbaya"?

What, may I ask, on earth, is the point in these responses?

Really2

geoffky wrote: »

What is your evidence for the north's recovery?

Halifax lending is prodominantly north based. By recovery that is meant in terms of yoy price changing.

Really2

geoffky wrote: »

looks as we go into the winter things are turning just as we predicted...

I thought many bears said 20-25% down for 2009, cant see that happening now surely.?

geoffky

Really2 wrote: »

Halifax lending is predominantly north based. By recovery that is meant in terms of yoy price changing.

.....:rotfl::rotfl:is that it??

Really2

geoffky wrote: »

looks as we go into the winter things are turning just as we predicted...

Down between 20% and 25%
Cat695, Laughing_man, MissMoneypenny, calisto, dervish, geoffky, lady_lucan, luvpump, northern_munky, turbobob, ultrapop, zcacmxi

Yes spot on.:rolleyes: