MSE News: Halifax: house prices up for third successive month

System

1.6?? I was fully expecting them to start falling now.

My 0% YoY for January on nationwide is wrong as well now, I really must stop being so bearish.

Really2

Dan: wrote: »

The crash has been and gone pawpurrs.

I think I might go out on a limb and say I think you may be right that Feb 09 was the nominal bottom for "average house prices";):)

Dan:_4

This must be the biggest bull trap in the history of bull traps?

Heyman_2

Must be that 'Winter Bounce' :rolleyes:

rmanpaul

Again this is the media trying to get us thinking that the markets are increasing like before, this is how this country got into the mess it did.

If property goes up 1% a year for the next few years,I think that will be best, a bit of stability is needed, news from a troubled bank like HBOS is just trying to get their own LTV to increase through a supposed 10% increase in 3 months. My house cetainly hasn't and I would not get my hopes up thinking that it has .

System

rmanpaul wrote: »

Again this is the media trying to get us thinking that the markets are increasing like before, this is how this country got into the mess it did.

The media aren't trying anything, they are just reporting a statistic released by Halifax.

the_ash_and_the_oak

1.6 is pretty big!

but I don't really get why large monthly rises on low volumes necessarily make thinking the crash isn't over is 'clutching at a straw'

If prices had stagnated and volumes increased more then I'd be much more inclined to think the crash was over with the market stabilizing and strengthening, but this kind of rise (its all rather 2006 like imo) makes things look increasingly precarious imo.

the_ash_and_the_oak

Definitely hoping this can help my parents finally move tho!

chucky

the_ash_and_the_oak wrote: »

1.6 is pretty big!

but I don't really get why large monthly rises on low volumes necessarily make thinking the crash isn't over is 'clutching at a straw'

If prices had stagnated and volumes increased more then I'd be much more inclined to think the crash was over with the market stabilizing and strengthening, but this kind of rise (its all rather 2006 like imo) makes things look increasingly precarious imo.

if only one house sells on that street - that will now be the price level for houses on that street. sellers and estate agents will be pricing property at these new prices.

until this trend is broken by a few months of price falls the sentiment and trend will not be downwards in the medium or even long term.

Pete111

Goodness. This bear trap really is a biggie.....

Looks like we are going to be up YOY in 2009 peeps. Who would have thought it in Jan?!