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MSE News: Halifax - House price falls stabilise

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

"Typical values edged 0.1% higher during March, but still fell by 0.6% over the past quarter, according to the lender ..."
Read the full story:
Halifax: House price falls stabilise

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This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.

Comments

  • WelshNic
    WelshNic Posts: 303 Forumite
    A lot of people aren't going to like this....
  • tara747
    tara747 Posts: 10,238 Forumite
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    Nah, we recognise the trend, not individual months/quarters. And the trend is dooooooowwwwwwwwn.... :D:D

    Now come on BOE, do the decent thing and raise the base rate! I want some good interest on my savings.... ;)
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  • Reaper
    Reaper Posts: 7,278 Forumite
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    You can't read anything into a 0.1% rise in a background of falling prices, particularly as the validity of the Halifax index has been called into question:
    Ray Boulger, senior technical manager at John Charcol, said the Halifax index was not in accord with other indexes.

    He said: "What Halifax announce is a seasonally adjusted figure but Nationwide quotes the actual figures.

    "It is interesting how much the Nationwide and Halifax indexes have been diverging over the past year.

    "The Halifax index has been very volatile and I think the Nationwide index is significantly more reliable."
  • Worst annual fall since October 2009! Nearly -3% per year now.

    Glad my money is not in property. After inflation that's a real drop of 6.3% per year. Makes my 3.2% ISA look great :) no point buying now, just wait and save.
    Debt Is Slavery.
  • Simon11
    Simon11 Posts: 750 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    House price falls stabilise?

    Really after just having one increase of 0.1%??? If the pattern continues for a few months, maybe it will be true. Produce news like MSE should, not like the daily mail!
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  • angrypirate
    angrypirate Posts: 1,151 Forumite
    Reaper wrote: »
    You can't read anything into a 0.1% rise in a background of falling prices, particularly as the validity of the Halifax index has been called into question:
    And im sure he has no vested interest and is completely impartial
  • zappahey
    zappahey Posts: 2,252 Forumite
    Combo Breaker First Post First Anniversary
    Wouldn't it be good if we had a board where we could debate house prices and the economy and post articles like this?
    What goes around - comes around
  • NPowerUser
    NPowerUser Posts: 409 Forumite
    Mortgage-free Glee!
    Here in the south of england, house prices seem to be going higher compared to this time last year.

    My gut feeling is that prices will remain stable over the next few years with the south and london showing 3%-5% increases from 2013

    I also doubt whether the BOE will raise interest rates anytime soon, as the governmant has a vested interest at paying back debt at the lowest possible rate and does not wish families with mortgages squeezed any more.
  • NPowerUser wrote: »
    Here in the south of england, house prices seem to be going higher compared to this time last year.

    My gut feeling is that prices will remain stable over the next few years with the south and london showing 3%-5% increases from 2013

    I also doubt whether the BOE will raise interest rates anytime soon, as the governmant has a vested interest at paying back debt at the lowest possible rate and does not wish families with mortgages squeezed any more.

    Squeezed by interest rate rises or squeezed by high inflation, what's the difference? Only the indebted get squeezed by interest rates everyone gets squeezed by inflation!
    Debt Is Slavery.
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