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Debate House Prices


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Halifax -1.2% August

http://www.lloydsbankinggroup.com/media1/economic_insight/halifax_house_price_index_page.asp

Not sure what to make of this (but as Halifax aren't either then I think we should view it with caution).
«13456

Comments

  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Pimperne1 wrote: »
    http://www.lloydsbankinggroup.com/media1/economic_insight/halifax_house_price_index_page.asp

    Not sure what to make of this (but as Halifax aren't either then I think we should view it with caution).

    House prices going down? I thought that might confuse you. What they are saying is that (on average) people who bought houses in August paid 1.2% less that people who bought houses in July.
  • I personally am pleased with that, a down figure.

    Only one month though. Still up QoQ [and down YoY].
    FACT.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It's currently the same methodology as it always has been. So what it's saying is a reflection of the current situation. Not too sure why it should be viewed with caution.
  • According to housing economist Martin Ellis, pricing is now volatile, becoming stable later.

    Kind of reminds me of a shipping forecast. :)
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • joguest
    joguest Posts: 233 Forumite
    -2.6% YoY. Stagnation, my @rse.

    6122790325_0b321aac0c.jpg
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    Oh look, the Halifax figures are now gospel again and there's nothing wrong with their data collection methods at all.

    I wonder why that is?
  • joguest
    joguest Posts: 233 Forumite
    Heyman wrote: »
    Oh look, the Halifax figures are now gospel again and there's nothing wrong with their data collection methods at all.

    I wonder why that is?

    Ah, can I safely assume that the figures don't show what you want then?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Heyman wrote: »
    Oh look, the Halifax figures are now gospel again and there's nothing wrong with their data collection methods at all.

    I wonder why that is?

    Last months +0.3% rise.
    https://forums.moneysavingexpert.com/discussion/3403741

    Apart from pimpernel, don't see any claims of foul play there?

    Just much insistance that Brit much change his signature. Which no doubt we'll see a lack of today ;)

    Unless.... BRIT, you gonna change your signature? Have you changed it yet? BRIT?!
  • sarkin1
    sarkin1 Posts: 283 Forumite
    Part of the Furniture Combo Breaker
    Mwwahhahahahahahahah

    yeah baby, second leg here we come
    :cool:
  • Interest rates at historic lows for nearly three years. House sales now skewed towards higher value properties. Lender forbearance embedded in the national consciousness.

    And yet still they fall.

    Pray tell, how many bullets left?
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