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

Really2

chucky wrote: »

here's the updated on

I think the interesting thing is the growth is the same on both.(thus meaning there is continuity with the stats.)

Goes with what I think the south bottomed and pointed straight back out.
The North bummed around the bottom for 2 months kicking stones around.

What does it all mean..........................don't know.:)

chucky

Really2 wrote: »

I think the interesting thing is the growth is the same on both.(thus meaning there is continuity with the stats.)

Goes with what I think the south bottomed and pointed straight back out.
The North bummed around the bottom for 2 months kicking stones around.

What does it all mean..........................don't know.:)

that would make the Land Registry positive for a while longer.

the LR figures are lagging more than ever now - from Mortgage Approval to Completion to registration with the LR is around 12-16 weeks.

there will be positive LR stats until January at least...
there are going to be some very angry negative doom and gloom posters about

Really2

chucky wrote: »

there are going to be some very angry negative doom and gloom posters about

I find what as happened this year beyond belief. God knows what some of the more "larger fall" bears now think.

I think all this is doing is setting the period of stagnation to be longer, but good for owners in the short term.(if they need to remortgage etc.)

Treadmill

I'm no wizz with maths but at this rate Nationwides YOY for February will be huge, if prices remain flat until February it would be nearly 10% as it stands, but a couple more 1.6% MOMs and it will be off that chart

I'm neither a bear nor bull (or any pigeonhole) but I do love a good graph

Thrugelmir

Really2 wrote: »

I find what as happened this year beyond belief. God knows what some of the more "larger fall" bears now think.

I think all this is doing is setting the period of stagnation to be longer, but good for owners in the short term.(if they need to remortgage etc.)

Halifax discounts remortgaging from its figures. Only advances for the purpose of house purchase are included.

Really2

Thrugelmir wrote: »

Halifax discounts remortgaging from its figures. Only advances for the purpose of house purchase are included.

Thanks, not sure how that related to my post but it is useful to know in regards of the HPI figs.

themanbearpig

Wow 1.6% is a huge increase for this time of the year.

Looks like the improbable V-shaped recovery is occurring. Good news for those holding property, bad news for those that are a little too young to buy (like me). Looks like I will never be able to afford to buy if this continues.

At a local level, it seems the good housing stock (good areas) is being snapped up within days at any price, while the rubbish stock (average/poor areas are hanging around).
So if you want to live in an average area, there are still good deals to be found. It seems the boat for cheap (relatively) housing in good areas has sailed.

Thrugelmir

Really2 wrote: »

Thanks, not sure how that related to my post but it is useful to know in regards of the HPI figs.

People looking to remortgage may not find that there own houses have increased in price as the index suggests.

Really2

Thrugelmir wrote: »

People looking to remortgage may not find that there own houses have increased in price as the index suggests.

Why not, if re-mortgaging is excluded from the figures it means that sales prices are up.

A re-mortgage figure is still likely to be higher than it was in Feb 2009. Not saying it is good or bad but the data collection methods have not changed so it is still likely it has been beneficial to some people LTV.

doire_2

Dan: wrote: »

The crash has been and gone pawpurrs.

:rotfl::rotfl::rotfl::rotfl:

Isnt Labour wonderful! Only took them 12 to 18 months to sort out such a mess! :rolleyes:

Wonder what happens when interest rates go back up, unemployment rises, QE stops etc etc etc

Labour - 4 more years, 4 more years, 4 more years