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Debate House Prices


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House prices fell by 0.4% in May.

Read un and weep, falls for the second month in a row, one more month for trend

http://www.lloydsbankinggroup.com/media/pdfs/research/2010/HousePriceIndexMay2010.pdf

:beer:
:cool:
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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    0.4% down is crash material.

    is anyone reading and weeping?
    no i didn't think so...
  • jonewer
    jonewer Posts: 1,485 Forumite
    Only another 9.6% to go till we're back to 2008 levels......
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    edited 4 June 2010 at 9:29AM
    Ok so between that and the Nationwide May figure we are basically flat.

    boo hoo....?

    Prices are rising steadily in my area of interest and that's all I care about!
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 4 June 2010 at 9:33AM
    sarkin1 wrote: »
    Read un and weep, falls for the second month in a row, one more month for trend
    2nd month in a row.... you're telling porkies aren't you... trying to get attention again...
    Jan 2010 165,514
    Feb 2010 165,997
    Mar 2010 167,808
    Apr 2010 170,772
    May 2010 169,204
    
  • sarkin1
    sarkin1 Posts: 283 Forumite
    Part of the Furniture Combo Breaker
    chucky wrote: »
    0.4% down is crash material.

    is anyone reading and weeping?
    no i didn't think so...

    You will be

    :D
    :cool:
  • sarkin1
    sarkin1 Posts: 283 Forumite
    Part of the Furniture Combo Breaker
    chucky wrote: »
    2nd month in a row.... you're telling porkies aren't you... trying to get attention again...

    <Code>
    Jan 2010165,514Feb2010165,997Mar2010167,808Apr2010170,772May2010169,204
    </Code>

    I can t read this rubish

    try the first line of the report

    "House prices fell by 0.4% in May. This followed April's 0.1% decline".
    :cool:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Down 1.1% for this year so far goes with my thinking of stagnation (-2.6% annualised) .

    Also even though these are mixed adjusted it does looks like locality of lending is showing some distortion between Halifax and Nationwide.

    Ones up by 0.4 ones down by 0.4, trend this year is stagnation if you ask me like I expected.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 4 June 2010 at 9:51AM
    sarkin1 wrote: »
    I can t read this rubish

    try the first line of the report

    "House prices fell by 0.4% in May. This followed April's 0.1% decline".
    have another go - where's the two months of dropping house prices?
    Jan 2010 165,514
    Feb 2010 165,997
    Mar 2010 167,808
    Apr 2010 170,772
    May 2010 169,204
    
    maybe you could try the phone a friend option or ask the audience to help you out.. here's the actual link to save you some time
    http://www.lloydsbankinggroup.com/media/excel/2010/04_06_10_historic_data.xls
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Really2 wrote: »
    Down 1.1% for this year so far goes with my thinking of stagnation (-2.6% annualised) .

    Also even though these are mixed adjusted it does looks like locality of lending is showing some distortion between Halifax and Nationwide.

    Ones up by 0.4 ones down by 0.4, trend this year is stagnation if you ask me like I expected.
    the seasonally adjusted are down two months in a row for Halifax - but they're really up 2.2% since Jan.

    as you know i agree and they'll soften to end up near enough flat or slightly negative...
  • sarkin1
    sarkin1 Posts: 283 Forumite
    Part of the Furniture Combo Breaker
    Well I am glad you worked that out, there has been some debate on here for as far as I can remember about S/A.

    But we dont want to rake up old news do we ;)
    :cool:
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