Halifax Hpi November 2010 -0.1%

JonnyBravo

shortchanged wrote: »

Therefore if rates go up to 4-5% many people are going to be paying 7-8% on potentially very large mortgages.

And if rates go up to 10-12% even more so.

Thing is, neither my 10-12% nor your 4-5% is going to happen anytime soon is it?

JonnyBravo

1984ReturnsForReal wrote: »

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

You think Halifax have houses worth over £300000 on their books?
Didn't anyone tell you?




It's grim up north.

shortchanged_2

JonnyBravo wrote: »

And if rates go up to 10-12% even more so.

Thing is, neither my 10-12% nor your 4-5% is going to happen anytime soon is it?

If you read my post you would see that I stated in the medium to long term.

doire_2

JonnyBravo wrote: »

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.

They contributed to this thread with their usual nonsense thats why i mentioned them. Their tactic is now to jump on any fall as being irrelevant.

From now on i'll pm you and ask if i can mention their names ok?

Pete111

Anyone know what the annual figures are for London and the SE?

Curious to see if that is still positive YOY

Sibley

They contributed to this thread with their usual nonsense thats why i mentioned them. Their tactic is now to jump on any fall as being irrelevant.

I can't win with you can I?

I even put my hands up this month and said the fall was massive. I just know you're going to go out mansion shopping this weekend.

I had a negative thought for you. Just one.


Could you tell me how much peoples houses have dropped. You know. The ones who have decided not to put their house on the market right now. I'm kind of confused as to how you plan to buy these type of properties.

Why would people panic sell their house when the mortgage rate is mentally low? Are they going to sell and rent instead???? Why???

Please answer nicely. If you can't then don't bother.

neas

Its a fall that if continued would take 10 years to make your houses 15% less than it is now. IN that time i'll be almost mortgage free.

Really2

shupufski wrote: »

The actual YoY decline is 2.4% according the report.

Pray tell, what is the percentage range for "flat", "stagnation" or "stabilisation"? Is it anything negative below 5%?

That is in real terms, the nominal is -0.7% it is at the top of the report.

Graham_Devon

Interesting it's all about focusing on the monthly figure today.

When the same figure, from the same company was released a few months back, and it was -3.6%, it was interesting to observe how many lectures had to be given (by those now concentrating on said figure in glee as it's just under 0%) about how these figures were merely noise.

Quarter on quarter, thats what we had to look at! That's what we were told. QoQ showed stagnation see back then. Monthly was noise. We were wrong to use the monthly figure.

Now, QoQ is so old skool and monthly figures are back in!

Generali

shupufski wrote: »

The actual YoY decline is 2.4% according the report.

The year on year price has fallen by -2.4%. Their headline figure of a fall of -0.7% is because they, in common with the Nationwide, prefer to use a 3 month average vs 3 month average figure.

This is a nominal price fall of 2.4%. With RPI at 4.5%(?) the real (inflation adjusted) fall in house prices is 6.9% over the past 12 months.

On a bright note, the house price:earnings ratio is on a falling trend it would seem. Combined with continuing low interest rates should mean housing is becoming more affordable to mortgaged buyers (AIUI most owners have no mortgage but most buyers do).

Looking at the figures, the September number of -3.7% for the month looks increasingly like a blip. A very slow, steady decline in prices seems to be the order of the day. No bad thing really unless you are in BTL and want to get out of it perhaps.