Halifax Hpi November 2010 -0.1%

doire_2

Down 2.1% the past 3 months.
Down YoY


Oh and if it had been up 0.1% sibley and hamish would have gone overboard with :T:T:T:T:T:T:T:T:T

JonnyBravo

Blacklight wrote: »

I can hazard a guess.



"Prices are falling... 0.1% is a FALL and prices have been falling for months"

*yawntastic*

[edit] To late...

Normally I'd be thinking Graham has got in a muddle but here it's plain to see just how nervous you are about falls.
"Prices are falling and 0.1% is a fall." What's incorrect about that?
"They have been falling for a few months." Correct they have.

Yes I know Graham had trouble talking about the rises the months before, but you're not calling him out for that are you?
Yes, I know he only looks for the negatives and posts with a confirmational bias but so do you. It just happens to be the opposite confirmational bias.
The Mr Muddle pic could easily be applied to you for your post.

1984ReturnsForReal_2

What happens if you take all houses over £300000 out of the equation?

Blacklight

JonnyBravo wrote: »

Normally I'd be thinking Graham has got in a muddle but here it's plain to see just how nervous you are about falls.
"Prices are falling and 0.1% is a fall." What's incorrect about that?
"They have been falling for a few months." Correct they have.

Yes I know Graham had trouble talking about the rises the months before, but you're not calling him out for that are you?
Yes, I know he only looks for the negatives and posts with a confirmational bias but so do you. It just happens to be the opposite confirmational bias.
The Mr Muddle pic could easily be applied to you for your post.

Long term house prices have stagnated. A 0.1% 'fall' in one month (if you want to call it that) is pretty irrelevant.

It was inevitable that someone was going to take a figure of £165 off the average price of a property literally and maintain that prices are falling, basically just trolling.

The fact is they aren't. All this stagnation is going to do is reinforce to sellers that they can get the price they're asking for. No need to make any reductions.

Graham_Devon

Blacklight wrote: »

Long term house prices have stagnated. A 0.1% 'fall' in one month (if you want to call it that) is pretty irrelevant.

It was inevitable that someone was going to take a figure of £165 off the average price of a property literally and maintain that prices are falling, basically just trolling.

The fact is they aren't. All this stagnation is going to do is reinforce to sellers that they can get the price they're asking for. No need to make any reductions.

The facts are in post 1.

A very small fall this month. A -2.1% fall over the quarter, and an annual change of -0.7%.

In every single figure, it's a fall. And that, I am sorry to inform you, is a fact.

You can call it stagnation if you like, working on data from 11 months ago to make up the figures, and you would be correct. Still got another figure to add to your dataset yet though.

But don't go round stating the facts are house prices are NOT falling. Because that's stupid. Quite clearly, they have fallen over the years measure, quarterly measure, and monthly measure.

Adios!

Blacklight

Alright Graham, I submit... you're absolutely correct. Prices have crashed 0.7% over the year and that is indeed a fall.

Next time I'll be sure to price measure stagnation with my ruler.

SingleSue

But remember, all dependent on area....some areas are not falling, other areas are falling more than this figure.

Still only noise though as the figure is so tiny.

shortchanged_2

The crux of this is that the only real reason that there has not been a more significant drop in house prices is because interest rates have remained so low. This is in turn creating an artificial picture of the housing market.

If you look more at the medium to long term unless house prices drop further then there will be problems for many in the future. If you look at most of the tracker deals on offer today they are awful compared to trackers from a few years ago in that many of them are rates such as 2.39 -2.79% above the base rate. Therefore if rates go up to 4-5% many people are going to be paying 7-8% on potentially very large mortgages.

It's all a ticking timebomb I'm afraid.

Graham_Devon

Blacklight wrote: »

Alright Graham, I submit... you're absolutely correct. Prices have crashed 0.7% over the year and that is indeed a fall.

Next time I'll be sure to price measure stagnation with my ruler.

I'm taking it definitions are your bag?

I say fallen, you say "yes, they have crashed", which I can only assume is an attempt to try and make what I said look a little silly?

JonnyBravo

doire wrote: »

Oh and if it had been up 0.1% sibley and hamish would have gone overboard with :T:T:T:T:T:T:T:T:T

You are funny doire.
You moan about Hamish and Sibley being hung up on HPC yet you seem to be just as hung up on them.
You mention them in nearly every post. Bless.