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Debate House Prices
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Taking The Halifax Data When It Suits You
Comments
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Linky no worky (let Google be your friend) but:
"Lloyds Banking Group is reviewing how its closely watched Halifax house price index is calculated, amid concern that the high number of different monthly measures can add to volatility and confuse sentiment in the market.
The move comes ahead of findings next month from a government report into housing market statistics.
Lloyds is undertaking a review of how it calculates the index, which is based on mortgage approvals made by Halifax. It is understood the bank hopes to iron out irregularities and volatility in the index".
Made up numbers are a complicated thing.0 -
Where I take issue is that, even though Halifax themselves don't have confidence in their figures...
No they don't.
http://www.ft.com/cms/s/0/5f6ba16a-6208-11e0-8ee4-00144feab49a,s01=1.html#axzz1bbYJS3CA
Nationwide is more accurate and far less volatile.Lloyds Banking Group is reviewing how its closely watched Halifax house price index is calculated, amid concern that the high number of different monthly measures can add to volatility and confuse sentiment in the market. The move comes ahead of findings next month from a government report into housing market statistics.
Halifax is one of the key measures of house price movement. The share prices of housebuilders were affected last year when it highlighted a 3.7 per cent fall in September values, the biggest monthly drop since the index began in 1983. This was seen as a statistical blip, as it was then followed by a bounce of almost 2 per cent.
Lloyds is undertaking a review of how it calculates the index, which is based on mortgage approvals made by Halifax. It is understood the bank hopes to iron out irregularities and volatility in the index.If I don't reply to your post,
you're probably on my ignore list.0 -
Linky no worky (let Google be your friend) but:
"Lloyds Banking Group is reviewing how its closely watched Halifax house price index is calculated, amid concern that the high number of different monthly measures can add to volatility and confuse sentiment in the market.
The move comes ahead of findings next month from a government report into housing market statistics.
Lloyds is undertaking a review of how it calculates the index, which is based on mortgage approvals made by Halifax. It is understood the bank hopes to iron out irregularities and volatility in the index".
Looking to iron out volatility.
Funny. According to these guys "halifax have doubts in their statistics". Turns out they were just looking for ways to reduce the volatility know to apply to all of the monthly indexes, Nationwide included.
That article was april 2011. Its now october 2011. I'd guess they're ok with the system after all, cos, far as I know, its still operating.0 -
:rotfl:Allow me to present both halifax and nationwide monthly figures since Jan 2009.
Maybe you should check the meaning of volatility.
Nationwide have never had a 5.8% swing from one month to the next.
Nationwide closely follows LR, halifax less so.If I don't reply to your post,
you're probably on my ignore list.0 -
Maybe you should check the meaning of volatility.
Maybe you should figure out that volatility and accuracy are two different things. As the quarterly trends (Rinoas favourites as I recall) suggests.Nationwide have never had a 5.8% swing from one month to the next.
One swallow does not a summer make.Nationwide closely follows LR, halifax less so.
Thats funny. Halifax and nationwide seem to be quite nicely correlated at the moment.
Heres a little brain teaser for you.
What share of the mortgage market does Halifax have compared to nationwide.
Hint: Nationwide are too embarassed to talk about it.0
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