We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
More Stats to Confuse You.....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
An interesting compilation of Stats can be found here.....
http://www.housepricecrash.co.uk/forum/index.php?showtopic=127421
Interestingly, the land registry Quarterly series, which strips out all the noise from monthly data,, shows prices have recovered by 12.5% from trough, and are now just 2.5% below peak.
I have no idea if the post is accurate or not, but if it is then surely it shows just how short the peak actually was in terms of time, if the quarterly dataset shows us almost back to peak already as of the end of Q2....
Land Registry data from the hpc post.
Q3 2007 230,474 - Peak
Q1 2009 198,939 -13.68% from peak
Q2 2009 224,064 -02.78% from peak, +12.63% from trough.
As always, timing is everything......
http://www.housepricecrash.co.uk/forum/index.php?showtopic=127421
Interestingly, the land registry Quarterly series, which strips out all the noise from monthly data,, shows prices have recovered by 12.5% from trough, and are now just 2.5% below peak.
I have no idea if the post is accurate or not, but if it is then surely it shows just how short the peak actually was in terms of time, if the quarterly dataset shows us almost back to peak already as of the end of Q2....
Land Registry data from the hpc post.
Q3 2007 230,474 - Peak
Q1 2009 198,939 -13.68% from peak
Q2 2009 224,064 -02.78% from peak, +12.63% from trough.
As always, timing is everything......
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
0
Comments
-
That is down to pure average prices.
It would indicate on average more expensive houses are selling than cheaper ones. (say more in London than Leeds)
They are then being denominated down on the "adjusted" figures.0 -
Ummm, depends on the area i suppose however in true Hamish style my sig shows the LR figures for my area.............slightly (ALOT) more than 2.5% down from peak i suspect.0
-
what a load of old [EMAIL="w@nk"]w@nk[/EMAIL] !Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
inspector_monkfish wrote: »what a load of old w@nk !
That comment owes me a new keyboard :rotfl:0 -
That is down to pure average prices.
It would indicate on average more expensive houses are selling than cheaper ones. (say more in London than Leeds)
They are then being denominated down on the "adjusted" figures.
Actually not...... LR compensates for sales mix.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
inspector_monkfish wrote: »what a load of old w@nk !
So you disagree that LR quarterly data is correct?
Source?
Evidence?
Explanations?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Actually not...... LR compensates for sales mix.
I don't think the quarter on quarter does. (did)
http://www.fool.co.uk/Property/guides/Understanding-House-Price-Indices.aspx
see table on link.
0 -
Ummm, depends on the area i suppose however in true Hamish style my sig shows the LR figures for my area.............slightly (ALOT) more than 2.5% down from peak i suspect.
Depends on the area?
Really?
Ohhhh, so that's why they call it an average.:rolleyes:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I don't think the quarter on quarter does.
That would be interesting, do you have a source?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »So you disagree that LR quarterly data is correct?
Source?
Evidence?
Explanations?
:rotfl::rotfl::rotfl::rotfl:
you gonna give me lines?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards