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!
Halifax HPI August 2010 +0.2%
Blacklight
Posts: 1,565 Forumite
What happened there then?
:rotfl:
"House prices increased by 0.2% in August. This, together with July's rise, has reversed much of the modest decline in the three preceding months. Prices are now at a very similar level to that at the end of last year. Activity has also been largely static since the start of the year. These developments suggest that the market is broadly stable with house price inflation having cooled since last year when supply shortages helped to push up prices.
The improved economy, strengthening labour market and low interest rates are all supporting housing demand. We expect that UK house prices will remain static overall in 2010."
Stagnation.
:rotfl:
"House prices increased by 0.2% in August. This, together with July's rise, has reversed much of the modest decline in the three preceding months. Prices are now at a very similar level to that at the end of last year. Activity has also been largely static since the start of the year. These developments suggest that the market is broadly stable with house price inflation having cooled since last year when supply shortages helped to push up prices.
The improved economy, strengthening labour market and low interest rates are all supporting housing demand. We expect that UK house prices will remain static overall in 2010."
Stagnation.
0
Comments
-
I think Nelson said it best, when he said........
There has been FAR too much premature celebration from the bears around here lately.
“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 -
And some good news for FTB's.......The combination of lower house prices compared with mid 2007 and interest rate reductions has created a significant improvement in affordability for those buyers wanting to take their first steps onto the property ladder.
Indeed, the proportion of a potential new first-time buyer's disposable earnings devoted to mortgage payments has almost halved from a peak of 50% in mid 2007 to 28% - below the 34% average over the past 25 years.
Improving home affordability has helped to boost the number of first-time buyers, which was 28% higher in the first half of 2010 compared with the same period last year – 94,600 against 74,000 - according to the latest CML figures.
Houses for FTB's are significantly more affordable now than the long term 25 year average.“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: »
:T
Be it +/- 0.2%. Nothing much for the bulls or the bears to celebrate.
Mind you, if the bulls were expecting a significant fall, they might well "celebrate" a 0.2% rise. I make that an annual increase of about 2.5%. Wow.
You weren`t expecting a fall, were you Hamish ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »And some good news for FTB's.......
I don`t see queues of FTB`s anywhere.
I think I recently heard that the number of FTB`s is extremely low.
Hamish, you need to shout a little louder.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »There has been FAR too much premature celebration from the bears around here lately.
Are you suggesting that there will be celebration from the bears ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I don`t see queues of FTB`s anywhere.
I think I recently heard that the number of FTB`s is extremely low.
Improving home affordability has helped to boost the number of first-time buyers, which was 28% higher in the first half of 2010 compared with the same period last yearHamish, you need to shout a little louder.
Good idea.“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 -
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
-
• House prices increased by 0.2% in August. This was the second successive monthly increase following a 0.7% rise in July
I wonder how many will try and force down peoples throats that this is now a "trend". I presume all those that said the nationwide now has a negative trend now believe the halifax is on an upward trend.;)
Still stagnation in my book and the site is stagnating more than house prices.0 -
I wonder how many will try and force down peoples throats that this is now a "trend". I presume all those that said the nationwide now has a negative trend now believe the halifax is on an upward trend.;)
Still stagnation in my book and the site is stagnating more than house prices.
Nah, this site is suffering from inflation. Inflation of egos. "I said x would happen, and it did".30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Forum back to normal now then. Hamish is all over the place, and I assume it's less stale
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards