Halifax Hpi September 2010 -3.6%

Dirk_Rambo

carolt wrote: »

You can't keep a good thread down.

i agree carol. in fact this 1 could go on for a very longtime

doire_2

Is this still going?

Blacklight

doire wrote: »

Is this still going?

Yesterdays news today!

/golfclap

tommy75

Without yawning through 30 pages.. Why would the Halifax figures have such a massive one month drop? Have prices been dropping 1+ percent for the last 3 months but Halifax don't want to show this as a trend and have decided to do one big month drop and get it out of the way with almost no media attention to it? It just seems very odd to me..

IveSeenTheLight

tommy75 wrote: »

Without yawning through 30 pages.. Why would the Halifax figures have such a massive one month drop? Have prices been dropping 1+ percent for the last 3 months but Halifax don't want to show this as a trend and have decided to do one big month drop and get it out of the way with almost no media attention to it? It just seems very odd to me..

Do you think they conspire to fudge the results?
It wouldn't be good for their reputation if they did and were found out.
Surely fudging in this way would highlight and start investigations as to the anomoly and make their reputation at risk.

I don't buy into this conspiracy theory.

tommy75

IveSeenTheLight wrote: »

Do you think they conspire to fudge the results?
It wouldn't be good for their reputation if they did and were found out.
Surely fudging in this way would highlight and start investigations as to the anomoly and make their reputation at risk.

I don't buy into this conspiracy theory.

Do the bigwigs at Halifax have VI in HPI?

IveSeenTheLight

tommy75 wrote: »

Do the bigwigs at Halifax have VI in HPI?

I don't know, do they?

surely not, they've just announce a record singular month reduction of -3.6%.
Not exactly HPI is it?

tommy75

IveSeenTheLight wrote: »

I don't know, do they?

surely not, they've just announce a record singular month reduction of -3.6%.
Not exactly HPI is it?

That was my point. Why would you show such a hugh one month drop, bigger than any other time including the near collapse of the economy in 2007. They don't want to show a trend of falling house prices, rather stagnation that the last 3 months have shown and would rather have a big one month drop with little media attention to it so they can get on with stagnation again for a while. It will be Interesting to see what the Nationwide show next and if the Halifax turn back to stagnation or even + figures for everyone to be happy agian.
I don't see why they wouldn't fudge the figures for their own benefit if they can get away with it.

IveSeenTheLight

tommy75 wrote: »

That was my point. Why would you show such a hugh one month drop, bigger than any other time including the near collapse of the economy in 2007. They don't want to show a trend of falling house prices, rather stagnation that the last 3 months have shown and would rather have a big one month drop with little media attention to it so they can get on with stagnation again for a while. It will be Interesting to see what the Nationwide show next and if the Halifax turn back to stagnation or even + figures for everyone to be happy agian.
I don't see why they wouldn't fudge the figures for their own benefit if they can get away with it.

I thought the three month analysis was a drop

I don't buy into the conspiracy theory myself.
It's not in their interest

Do you think they might have reported a 3.6% drop so in the coming months they could show a rising trend as opposed to a stagnant trend?

If you compare all the indiced, they match each other pretty closely.
Of course you get the odd month differences due to the noise and differential data input, but overall, they'll show similar trends else their indice would become discredited and have no weighting in the future

gubdlog

Doctor_Gloom wrote: »

Great news. I must admit though that the pace of the 2nd leg of the housing price crash is surprising even me.

Time will tell, next few months of falls will say there is no doubt we are in a bear market.