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Debate House Prices


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House prices fall 0.6% in June Halifax

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    YoY is up by 6.3%. This is 3 month average on 3 month average and the best measure of house prices changes albeit (and also because) it changes very slowly.
  • carolt
    carolt Posts: 8,531 Forumite
    Good news for everyone wishing to buy or trade up. Ie most people.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A little up, a little down... overall flat. I think that's what most people expect to see. No rise on paper but a fall in real terms as private sector wages start increasing following two years of freezes.
  • When_is_the_reset?
    When_is_the_reset? Posts: 216 Forumite
    neas wrote: »
    We knew this fall was coming people.... even the bulls lol. Its not when it will fall but by how much. I guess 20%... why i negotiated a nice discount and good interest rate on my current properdee :) (well not mine yet still purchasing it).

    Renegotiate quick - 20% may not be enough.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    So which bank is right?

    http://news.bbc.co.uk/1/hi/business/10456548.stm
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    RPI inflation is 2.6% since the start of the year so 2% down since january in nominal terms is a significant drop. Will be interesting to see if a clear trend of drops emerges, can't see any other outcome given the cutbacks and gradual realisation that we haven't even really started to pay for the decade of spending recklessness yet.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    FATBALLZ wrote: »
    RPI inflation is 2.6% since the start of the year so 2% down since january in nominal terms is a significant drop. Will be interesting to see if a clear trend of drops emerges, can't see any other outcome given the cutbacks and gradual realisation that we haven't even really started to pay for the decade of spending recklessness yet.
    that's an important point - you can't tell until after the event if there is a clear trend though.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    FTBFun wrote: »
    So which bank is right?

    http://news.bbc.co.uk/1/hi/business/10456548.stm

    Both of them IMO!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Blacklight wrote: »
    A little up, a little down... overall flat.

    All the indices have shown falls over the last few months with the exception of Nationwide. However Nationwide gains in the figures have fallen to near 0 and expected to go negative next month.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    FATBALLZ wrote: »
    RPI inflation is 2.6% since the start of the year so 2% down since january in nominal terms is a significant drop.
    Don't you need wage inflation to get a "real term" fall. If you have had wage inflation to match inflation the fall is no different anyway.
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