Halifax Hpi September 2010 -3.6%

RenovationMan

There are some very strange people on this particular board! :eek:

ruggedtoast

Cleaver wrote: »

Whoever you are, you have specifically registered a new username to type this stuff. Is there really any point? The mind really does boggle.

I'm 70% certain its Bruno.

God those youtube videos...

LOOK AT MY FACE

MY PILLOW IS ENCRUSTED IN COME

I AM NAKED

StevieJ

Cleaver wrote: »

I'm pretty much as optimistic as they come, but I plan carefully, don't spend money like it's going out of fashion and am pretty sensible financially.

I therefore think you can be completely optimistic in your outlook and still be sensible in areas of your life.

I am optimistic also, no problems here , except I have hurt my back in the garden

Kenny4315

the_flying_pig wrote: »

It's quite interesting really. Halifax says that we're down 4% during 2010, Nationwide that we're up 2%. The six month figures are -4% and +1% respectively. The three month figures -3% and -2%.

So on balance I would say that.

(1) Prices are falling. Hardly in freefall or anything like that but falling. Plainly not going up and even 'staying level' would be a stretch.
(2) I don't read anything at all into this month's Halifax -3.6%. The best explanation IMO given where Nationwide is going and where the rest of the year has gone is that all of the last 3 months have been somewhere in the -0.5% to -1% region, and that the positive Halifax July and August figures were actually down to measurement error (given that all of Apr-June inclusive were negative and September massively negative), having the effect of hugely exagerating the September 'drop'.

I'm not unhappy with this situation.

I'd say this is a pretty decent summary of the situation.

Kenny4315

Seems as if my summary the other day of a drop for the next few months then a recovery back to approx the same position as we are now in a years time is about where we will actually be.

dopester

ukcarper wrote: »

I bet a lot of people will just leave their house on at the same price and ignore low offers.

It's only the transactions that go through that move the market.

If a fraction of those on the market accept lower offers, values drop for other owners "who are leaving their houses on at the same price and ignoring lower offers."

That's why we've seen -3.6% day. Plenty of owners are refusing lower offers, but OBVIOUSLY some owners accepted lower offers and transacted at lower prices.

Dirk_Rambo

fandabbydozey. this must be the 1 st time ever one of these banks has gotr it about right with there stats. id say 3.6% price drop is round-about right for round where i live

carolt

Yes, big drops round here too.

When_is_the_reset?

I just wanted to add....

Whooppeeeeee, wayhay, whoop whoop whoop, get in there, nice one sunshine, loving it, bootiful, lovely jubbly, bring it on, etc.

ruggedtoast

When these indexes were going up it was not unknown for people to suggest it was because although fewer properties were selling, those that were were just the wealthier end of the market.

Could one suppose therefore, that the tangential opposite of that state of affairs is currently unfolding?

I had a look on Rightmove and it does look like a lot of those sticky blighters on page one and two have gone under offer lately.

Have page 1 buyers capitulated and thus broken the housing market that they sought to join?

:-O