Halifax HPI August 2010 +0.2%

IveSeenTheLight

Really2 wrote: »

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.

Spot on.
I wish everyone would stop getting their knickers in a twist.
The monthly data is noisy and it's clear we are in a stagnating market.
We will see a few months up and a few months down.
Settle down everyone.

System

IveSeenTheLight wrote: »

Spot on.
I wish everyone would stop getting their knickers in a twist.
The monthly data is noisy and it's clear we are in a stagnating market.
We will see a few months up and a few months down.
Settle down everyone.

I think it'll take a few more months for the brain deads to recognise stagnation.

Strings

I am going to enjoy reading HPC today, poor sods are in a spin over the data.

Just to be clear, I dont mind if prices go down, I just hate people reading too much into the data week on week

DaddyBear

Joeskeppi wrote: »

I think it'll take a few more months for the brain deads to recognise stagnation.

Stagnation is good.

Strings

DaddyBear wrote: »

Stagnation is good.

Agreed it is the best result for all imo

neas

stagnation is good actually... as inflation will slowly but surely 'bring prices' back in line. So long as inflation is moer than hpi then we will see returns to normals over a slower period which wont shock the economy.

IveSeenTheLight

Joeskeppi wrote: »

I think it'll take a few more months for the brain deads to recognise stagnation.

I don't think they will.
They'll still be spouting LR lag, or fighting over individual indices and months to show what they want to believe.

System

Stagnation is my preferred route. IRs aren't going anywhere fast while nothing changes, and the house I want to trade up to is staying at the same price while my capital is disappearing.

Generali

According to the figures house prices have risen 0.2% but at the same time have become more affordable price:earnings ratio fell from 4.74 to 4.73 estimated.

Prices are down 0.9% on the year so far and up 4.6% over the past year. Similarly anaemic rises in prices over the next couple of months will see the YoY figure drop quickly as prices rose by 4.1% in the months Sept - Nov 2009.

This all points to more stagnation IMO and Hamish's (and many others') predictions of flat prices for 2010 are looking pretty likely to be fulfilled.

I maintain that the interesting bit for the housing market, and the economy more generally, is going to be getting back to a normal position. Let us not forget that across the developed world for the most part both market interest rates and base rates are as low as anyone alive can remember. At the same time, Governments are borrowing more than at any point since WW2. Just look at the howls of protest as the Government tries to shave a few percent off the deficit.

doire_2

HAMISH_MCTAVISH wrote: »

I think Nelson said it best, when he said........



There has been FAR too much premature celebration from the bears around here lately.

0.2% rise? Surely you spend more than that eating out each month Hamish so why should it concern you?

https://forums.moneysavingexpert.com/discussion/comment/36166829#Comment_36166829

0.3%

I'm underwhelmed.

I spend more than that on eating out each month. Why on earth would it concern me about house prices?