Halifax -1.2% August

ess0two

Fall,rise or stagnate.Many are still stumped due to 'tight' lending criteria.

Percy1983

HAMISH_MCTAVISH wrote: »

No, that seems about right. Halifax has a northern bias, so -2.6% YoY is to be expected.

Nationwide is -0.4% YoY.

But don't forget RICS and Hometrack both show that for most people in most areas, prices are neither rising or falling but are stable.

Around 8% of postcodes seeing slight rises, 28% seeing slight falls, and 64% seeing stable prices.

So in the reverse Hamish school of reporting thats, 92% stable or falling!

Heyman_2

Graham_Devon wrote: »

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?!

You're right, not much in the way of discrediting going on in that thread, although you've been here long enough to know what happens with these MoM figures

Poor old Brit, he does kind of bring it on himself though.

ruggedtoast

This is a great day for those over on the other side. This has given them the hope they need to continue for another month.

They are celebrating.

Graham_Devon

ess0two wrote: »

Fall,rise or stagnate.Many are still stumped due to 'tight' lending criteria.

Ahhh, but the only way prices will fall is to build more houses.

So we must have built more houses this month, enough to reduce prices over 1%.

Either that or loads of people have emigrated.

Remember, the ONLY way to have lower prices, is to build more. Was covered in one of (actually, every) Julies economy lessons.

So that must be what we are doing?

HAMISH_MCTAVISH

Graham_Devon wrote: »

Thankyou, and I do believe it's a better measure,

With Halifax I'd be inclined to agree. They are much more volatile on a monthly basis than nationwide or land registry.

just having fun with the monthly figures. You would be if they had a + sign in front of them!

Too right I would, so I suppose I can't object.

Thrugelmir

Pimperne1 wrote: »

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

I agree. As prices may well slip back a few more % points in the coming months.

ess0two

Graham_Devon wrote: »

Ahhh, but the only way prices will fall is to build more houses.

So we must have built more houses this month, enough to reduce prices over 1%.

Either that or loads of people have emigrated.

Remember, the ONLY way to have lower prices, is to build more. Was covered in one of (actually, every) Julies economy lessons.

So that must be what we are doing?

They could fall 10% before xmas,the average joe in the street aint gonna get a look in.
These indices each month are just a paper exercise to some extent.

wotsthat

Graham_Devon wrote: »

Ahhh, but the only way prices will fall is to build more houses.

So we must have built more houses this month, enough to reduce prices over 1%.

Either that or loads of people have emigrated.

Remember, the ONLY way to have lower prices, is to build more. Was covered in one of (actually, every) Julies economy lessons.

So that must be what we are doing?

I'm assuming that this is tongue in cheek.

If the supply hasn't increased AND loads of people haven't fled the country AND we don't mind having a discussion about market noise then why else might prices have reduced?

Could it be that demand has reduced? After all the media is telling us just how bad things are - hardly the type of environment that people are going to rush at a major purchase. Some people even post these stories so people on internet forums can see just how bad things are as well....

- UK manufacturing falls to 26 month low
- Homelessness could spread to middle class
- More and more couples to rely on one salary
- First time buyer blackspots
- Rising rents push 100,000 more into flathares
- Finances worse for 40% of people

Just a little analysis shows that, whilst things aren't great, the headlines rarely tell the full story.

Potential FTB's today have bad news and scandals rammed down their throats pretty much all the time. The internet has also created a nation of armchair chancellors and economists too. I reckon that more people than ever think they can time house price purchases for profit and forums like this help to reinforce this view.

wotsthat

angrypirate wrote: »

Basically
"annual figures down, monthly figures down but we had 2 months with positive figures so its all still positive and it should remain stable. House prices still higher than 1929." Wake me when house prices are no longer in the 160 - 165k bracket. Then there will be something to discuss.

I've just had my daily dose of misery delivered to my inbox (aka the Moneyweek daily email). Apparently house prices are almost back at 1929 levels - it's a secret housing crash.

Today we take our occasional look at everybody’s favourite subject: the UK housing market – but priced in honest money.

Guess what that good honest money is?



Isn't the internet great? Analysis like this just doesn't get sufficient airing in the mainstream media.