MSE News: Halifax: house prices down 1.5% in February

Really2

Pete111 wrote: »

I've noticed how bears wheel the graph out on an almost constant basis and feel that we are surely approaching the point that it either applies or should be consigned to the scrap heap!

So true, perhaps it is a graph of the last 12 months.

Can we all agree if prices do not now crash dramatically from now GD (or anyone who thinks the graph is correct for all bubbles) will have to stick it somewhere

chucky

Really2 wrote: »

I suppose seasonal adjustment is based on an average winter ( Do they make it more or less seasonal for a colder or milder winter?). But it is not just blamed on the weather is it?

Like I said if I was buying now I would now put stamp duty into my costs if under £175K.
So I would end up offering lower, most do buy on a budget.

i don't think that these numbers look like they've been seasonally adjusted

Graham_Devon

We can move on from the graph if you like. Was only bull bait.

But the question of snow effecting completition prices. Can we move on to that?

How does that work?

Does Bob the buyer say "hey up matey, you got some snow on yer roof like, gonna have to offer you less now like". To which seller Wayne says "aye, true like, bit of snow on the roof, tell yer wot, give me 5k less".

chucky

Thrugelmir wrote: »

Interesting that the price bounce is encouraging more people to attempt to sell their property. And not when you'd expect them to either.

i've seen more come on the market in Feb than any other month for quite a while

Really2

Graham_Devon wrote: »

I have never seen a chart cause so much controversy. There must be something in that.

We have gone over this so many times and you even answered it yourself .

Graham_Devon wrote: »

Disclaimer: I don't actually believe this chart to much.

Disclaimer V2: I do not want an argument about axis, timelines,

Because it is based on emotion/reaction not statistical data.

Really2

Graham_Devon wrote: »

We can move on from the graph if you like. Was only bull bait.

But the question of snow effecting completition prices. Can we move on to that?

How does that work?

Really2 wrote: »

I suppose seasonal adjustment is based on an average winter ( Do they make it more or less seasonal for a colder or milder winter?). But it is not just blamed on the weather is it?

Like I said if I was buying now I would now put stamp duty into my costs if under £175K.
So I would end up offering lower, most do buy on a budget.

Already done also.

Rinoa

chucky wrote: »

i don't think that these numbers look like they've been seasonally adjusted

Curiously, the NSA prices are up. £165,997 as against £165,514.

Although I don't think we should use them as it just complicates matters.

westv

The selfish part of me would like to see a long slow decline until, say, we reach the previous low.

StevieJ

westv wrote: »

The selfish part of me would like to see a long slow decline until, say, we reach the previous low.

What year say 1646, slap bang in the middle of the Civil war

Graham_Devon

Really2 wrote: »

Already done also.

It's not just blamed on the weather no. And have never said it is.

But the weather does hold SOME blame.

All I'm asking is how. Like I say, can see approvals / completions being effected slightly. But not actual paid prices.

All I'm asking is that that is somehow clarified. It's been used widely as a reason on here for the falls, but also in the media, and also from the providers.

Saying "it's not solely to blame" simply does not answer the question posed. I'm not asking for you to answer it, anyone will do (I have asked Hamish, what with him being right all the time every time).

I'm putting the question up for discussion.