House market stalls, fuels double-dip recession fears

Really2

Graham_Devon wrote: »

Did I miss feb's figures?

I did, but on looking the reason we did was because it was up 3.2%
http://www.rightmove.co.uk/news/house-price-index/march-2010-house-price-index

Graham_Devon

Really2 wrote: »

I did, but on looking the reason we did was because it was up 3.2%
http://www.rightmove.co.uk/news/house-price-index/march-2010-house-price-index

This is true.

Though if they are as out of line this month as they were in feb....

In feb they reported figures of +3.2%.

Though the same column gives the nationwide and halifax figures as -1.5% and -1.0%.

So based on that, with them stating 0.1%, we could see Halifax and Nationwide reporting - 4/5%

Really2

So three months of increase totaling nearly 4% for the first 1/4 = fall??????

StevieJ

sarkin1 wrote: »

The lady doth protest too much, methinks

No just a standard copy and paste

StevieJ

HammerSmashedFace wrote: »

Again, althought the hard of thinking may see this has 'unexpected', it is absolutely expected,.

What was expected by all, including the bulls was a correction over the winter.
BTW I hope you are settled in your new house

chucky

Really2 wrote: »

So three months of increase totaling nearly 4% for the first 1/4 = fall??????

oh dear prices have stayed flat (only risen 0.1%) and the resident HPC ghetto are celebrating

things must be desperate :hello:

Jonbvn

HammerSmashedFace wrote: »

5) Used £300 billion of taxpayer's money to gaurantee 'mortgage lending'

Ehhh???

Could you provide a link to substantiate this, because I don't believe in fairy tales.

Kohoutek

Jonbvn wrote: »

Ehhh???

Could you provide a link to substantiate this, because I don't believe in fairy tales.

http://www.cml.org.uk/cml/media/press/2572

Council_of_Mortgage_Lenders wrote:

The CML...urges the government to use the Budget to announce how it will work with the industry to address the market implications of lenders repaying the £300 bn support given under the Special Liquidity Scheme and the Credit Guarantee Scheme. This is a matter of urgency in view of the scale of the problem and its potential knock-on implications on future funding to support economic recovery.

At the moment we cannot see how to square the circle between increasing demand for housing, constraints on the necessary finance to deliver it, the repayment of £300 billion of lending support between 2011 and 2014, and reductions in public spending as the fiscal deficit is addressed. And all of these features apply at a time when more people are going to need housing help.

We call on the leaders of all political parties to commit to prioritise spending on housing in the coming years...

StevieJ

Interesting that Hamish still gets a mention on HPC they must be missing him

I see Hamish is reeking havoc on MSE House price Forum. He does raise some good arguments / Topics, but then they seem to descend into 'mud slinging' which is a shame.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=118772&st=315

nembot

Where's ya Spring bounce gone, where's ya spring bounce gone?

And repeat...