Halifax Hpi November 2010 -0.1%

Procrastinator333

Really2 wrote: »

-3.4% Sept
+1.8% Oct
-0.1% Nov

Its an odd way to look at falls gathering pace, come Dec figures unless they are greater falls than sept the rate of falls is clearly slowing.
If they dont fall grater than 1.7% the quarter will go positive.

Hate to break it to you, but no. The Halifax compares current quarter average vs the last quarter average. E.g this month quarterly change is

(Sept+Oct+Nov)/3 compared to (June+July+August)/3.

StevieJ

Graham_Devon wrote: »

At the moment, building societies such as the Halifax are currently putting their rates up. And BOE rates have stayed the same.

I'm not so sure they will be bringing their mortgage rates down, considering they are putting them up at the moment.

Margins my dear boy not rates as I pointed out currently there is a disconnect.

Really2

Procrastinator333 wrote: »

Hate to break it to you, but no. The Halifax compares current quarter average vs the last quarter average. E.g this month quarterly change is

(Sept+Oct+Nov)/3 compared to (June+July+August)/3.

Hate to break it to you, but the figures still would show a positive last quarter if prices do not fall by 1.7%+ for Dec. (1.6982% for the pedantic)

It is not even debatable as it is taking the Oct, Nov & Dec figures. Nothing to do with comparable averages it is adding the MoM together.

It's a bit desperate trying to make out I am wrong as it is simple maths. (my statement was the last quarter would be positive if......)

doire_2

THE_GHOULISH_CODPIECE wrote: »

variables +0.1 to -0.1 are statistical anomalies.

CRASH NEVER HAPPENED NEVER WILL. GET OVER IT AND MOVE ON WITH YOUR LIFE BEFORE IT'S TOO LATE AS YOU AND THE OTHER BEARS ARE TURNING INTO A LIVING JOKE. AND YOU KNOW IT.

Oh look someone is hurting

Generali

doire wrote: »

Oh look someone is hurting

So would you if you decided to become a human umbrella stand!

RenovationMan

Generali wrote: »

So would you if you decided to become a human umbrella stand!

I've seen some cryptic and mysterious comments on this board since I joined, some of them aimed in my direction, but this one is the winner. What does it mean?

Procrastinator333

Really2 wrote: »

Hate to break it to you, but the figures still would show a positive last quarter if prices do not fall by 1.7%+ for Dec. (1.6982% for the pedantic)

It is not even debatable as it is taking the Oct, Nov & Dec figures. Nothing to do with comparable averages it is adding the MoM together.

It's a bit desperate trying to make out I am wrong as it is simple maths. (my statement was the last quarter would be positive if......)

Apologies, I had thought you were refering to the Halifax quarterly figure and not the "Really2" index. Yes I agree that with your point. I look forward to you highlighting the same thing next month when the +1.8% falls out the bottom of the "Really2" index.

Such volatility is exactly why Halifax use the method I noted. But each to their own.

Really2

As far as I know the last 1/4 of the year has always been the same and was not invented by the halifax.:), just an observation! How Should I describe a last 1/4 next time?
If you don't like a truthful comment I am sorry. But you simply misread what I said.
If they fall 1.8% next month the quarter will be negative. No problem with that here?

IveSeenTheLight

Graham_Devon wrote: »

At the moment, building societies such as the Halifax are currently putting their rates up. And BOE rates have stayed the same.

I'm not so sure they will be bringing their mortgage rates down, considering they are putting them up at the moment.

Have you got a link to show that "building societies such as Halifax are currently putting their rates up".

I just checked the HSBC which I have long term been tracking and they still offer a 5 Year fix from 3.99%, only £99 booking fee
https://mortgages.hsbc.co.uk/product/186-5-year-fixed-special

Procrastinator333

Really2 wrote: »

As far as I know the last 1/4 of the year has always been the same and was not invented by the halifax.:), just an observation! How Should I describe a last 1/4 next time?
If you don't like a truthful comment I am sorry. But you simply misread what I said.
If they fall 1.8% next month the quarter will be negative. No problem with that here?

Yes I did misread your post and hence the apology (as sarcastic as it was). Yes I agreed with the fact you were making.

But I was sarcastic because of how useless the point was. Both the -3.7%and the +1.8% were an anomoly. To use a set of figures that includes one but not the other is, well, a bit silly. Like I said, I look forward to next month when you make the same point about the rate of decline accelerating again as that Oct +1.8% nears it's time to fall out of the bottom.