MSE News: Halifax: house prices dive in record plunge 7 October 2010 at 9:26AM in House buying, renting & selling 57 replies 6.7K views

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"The UK housing market suffered a major jolt today as figures revealed values slumped 3.6% in September ..."

Read the full story:
Halifax: house prices dive in record plunge

$$$_12

Excellent news for buyers!

julesh_3

Great news.I own my home but my children may now be able to afford to buy their own.

tyllwyd

MSE Guy - you've put this on the wrong board ... should be in the debate house prices board, surely?

MrChips

What's to debate?!

benjaminwootton

Indeed - fantastic news that one of lifes essentials is becoming more affordable.

Sadly, it's going to get a whole lot worse.

I am not allowed to post links, but take a look at this chart at the URL below - who in their right mind would think that was sustainable and consider buying now?

ww w.tutor2u.net/blog/files/house_prices_feb.gif

mustrum_ridcully

julesh wrote: »

Great news.I own my home but my children may now be able to afford to buy their own.

Also any new home you may want/need to buy will be cheaper as well so you'll need a smaller mortgage (your house might not be worth as much but the same will be true for the house you're buying).

Former_MSE_Guy

That board is only accessible to registered users. Given many come from the news story, they won't all be registered on the forum so would get an error page.

tyllwyd wrote: »

MSE Guy - you've put this on the wrong board ... should be in the debate house prices board, surely?

tawse57

Any minute now we will have some numpty post that the Halifax has valued the house they are buying at 3.6% below their offer and wanting advice on how they can convince the Halifax to lend them more to pay the ludicrous asking price!

Trollfever

211 comments and 11,900 views here:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=152347

(In three hours!)

beccad

I'll be interested to see what other organisations, Nationwide etc., have to say about all this. The figures often vary between different organisations. I am SO glad we managed to sell our flat when we did (May)! DH and I are living with his parents at the moment, which isn't easy, but news like this makes me feel better about it all!

I'm going to reserve judgement about it all until more figures come in from other lenders. We've currently got an offer on a property, not accepted but not rejected (vendor is seeing what they can find to buy based on our offer, which is less than they were hoping for), but I'm not going to pull out of the sale based on this one piece of news...