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Halifax Predictions???

2

Comments

  • NEO72
    NEO72 Posts: 69 Forumite
    homelessskilledworker wrote: »
    This particular post makes good sense, all I expect now for a good while is a downward trend with the odd blip here and there. If anyone is NOT looking at the trend they are not using housing data correctly.

    All the indicies are slowly going into negative, I think we are on the verge of a second substantial fall now.

    Halifax is down -0.6% for July for those that are interested by the way.

    Yes the trend is what you need to watch. And the annual rate of change since May has been -0.1%, -0.5% and -0.6%, which suggests that following the FTB rush to be the stamp duty holiday deadline, downwards pressure on prices is increasing (or negative sideways growths as I'm sure the bulls will call it).
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I predict down 0.6% for the month and the year.

    Do I win a prize?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Generali wrote: »
    I predict down 0.6% for the month and the year.

    Do I win a prize?

    Yes, Nollag will give you a kiss. ;)
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    brit1234 wrote: »
    Yes, Nollag will give you a kiss. ;)

    Hooray!

    2nd prize is 2 kisses...?
  • abaxas
    abaxas Posts: 4,141 Forumite
    Generali wrote: »
    Hooray!

    2nd prize is 2 kisses...?

    No,

    Invite into his 'toilet block'.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Generali wrote: »
    Hooray!

    2nd prize is 2 kisses...?

    As many as you want, however as he is on my ignore list with many thousands of his sockies so can you PM to request your prize.

    Thanks
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sibley wrote: »
    Something like 0.5% either way.

    Not looking good in Maidstone Sibbers, still in negative equity?
  • DervProf
    DervProf Posts: 4,035 Forumite
    homelessskilledworker wrote: »
    This particular post makes good sense, all I expect now for a good while is a downward trend with the odd blip here and there. If anyone is NOT looking at the trend they are not using housing data correctly.

    All the indicies are slowly going into negative, I think we are on the verge of a second substantial fall now.

    Halifax is down -0.6% for July for those that are interested by the way.

    Not so sure there will be a substantial fall, but I wouldn't rule it out. I think we are more likely to see a continuation of reductions some months, rises in other months, but with the overall direction being downwards for the next year or so. I expected a short/sharp "crash", but instead we have a longer term "correction", and I think it will continue.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    There have been some worrying drops in asking prices near me. Earlier in the year things were selling like hot cakes and for high prices.

    Nowadays I should wonder that the people who completed in the spring must be worried they have overpaid.

    I live in a nice aspirational area too. Not some housepricecrashers ghetto.

    What if they start trying to move in using their stored millions?

    :eek:
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Not looking good in Maidstone Sibbers, still in negative equity?

    No, I'm still over 100K in the black on my rental property..
    I think people would bought when I did are always going to win this battle.
    We love Sarah O Grady
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