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MSE News: Halifax: House prices 'remain stable'
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"The housing market has been broadly steady in 2011 despite the deteriorating economic climate ..."
"The housing market has been broadly steady in 2011 despite the deteriorating economic climate ..."
Read the full story:
Halifax: House prices 'remain stable'
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.
Halifax: House prices 'remain stable'
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.
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Comments
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Oh phew! Panic Over. Here I was fearing a recession, but if housing prices have remained buoyant then we're okay. I think we're still in for a few more years of shock and pain, and next year housing prices will drop, anecdotally prices have dropped hugely around me in the Midlands (close to Birmingham) but if Halifax say prices have stayed stable, who am I to argue with them? It's a good job they're neutral and impartial.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
In other news..............
car salesman says 'there's never been a better time to buy a car'
Pub owner says 'there's a recession coming, drown your sorrows with a beer'
Meanwhile cosmetics manufacturer says you should 'forget your impending financial troubles and treat yourself cos you're worth it'.
Its not enough that the report is conducted by someone with a vested interest in the industry, they have also put together the ready made quotes to tell the media how to report their report.
So, even though it shows a significant monthly drop, I dont put much faith in the legitimacy of this report. Land Reg is the best indicator of the way things are going and also gives a local perspective. And they dont tell the media how to interpret their report.0 -
Why are falling house prices month after month always called static or stable?
:beer:
At this rate with static prices houses will be half price by next year. :j
Lets hope the housing crash continues.
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Why are falling house prices month after month always called static or stable?
Nero is said to have fiddled while Rome burned. This is most likely a metaphor. A metaphor which applies to the above.1. The house price crash will begin.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.0 -
House prices in Cambridge have remained pretty stable for the last year as far as I can tell. Not much is coming to market though.0
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