Halifax August 2012 -0.4% MoM

wotsthat

Exciting stuff!

http://www.lloydsbankinggroup.com/media1/press_releases/2012_press_release_brands/halifax/0609_HPI.asp

Nationally, house prices continue to tread water, as measured by the underlying trend. Prices in the three months to August were fractionally lower (-0.3%) compared with the previous three months. House prices fell by 0.4% in August with the declines in the past two months largely offsetting the gains in the preceding two months

homelessskilledworker

wotsthat wrote: »

Exciting stuff!

http://www.lloydsbankinggroup.com/media1/press_releases/2012_press_release_brands/halifax/0609_HPI.asp

Thats another £2000 plus off the average price, another few hundred and we will be in the £150k's.

Those the other day that were using Nationwides August figures of a rise of £200 quid as a turning point for a new housing boom, will be fun and interesting to see how they talk themselves out of this one:).

Of course this Halifax data means didly squat on it's own(one months figures) IMO.

Loughton_Monkey

Absolutely exciting.

I would give my analysis of these figures, but haven't got the time. I'm off on a 'pilgrimage' to visit the poor today. Yes. I'm travelling north of Watford. Up to Birmingham in fact.

It'll remind me first hand of the poverty and squalor to be found in the frozen North, where Halifax customers tend to be. But don't worry, I'll be alright, Jack.

Generali

-0.9% YoY. The slow fall in real prices continues like the drizzle at an April County Championship match.

If it's any consolation, prices are falling here too. The weather's fantastic as well: 26C and sunny with a nice breeze.

FTBFun

Generali wrote: »

-0.9% YoY. The slow fall in real prices continues like the drizzle at an April County Championship match.

If it's any consolation, prices are falling here too. The weather's fantastic as well: 26C and sunny with a nice breeze.

It's not bad here, surprisingly.

(You forgot "monthly figures are just noise" btw).

ukcarper

The actual drop this month was £705 and £1726 over year not sure how much rent the average person would pay over the year.

The good news is that house prices only have to drop another 7.25% to get to long term average.

Generali

FTBFun wrote: »

It's not bad here, surprisingly.

(You forgot "monthly figures are just noise" btw).

3 bush fires here in the last couple of days alone unfortunately and it's going to be a terrible year for them.

And you're right, monthly data are just noise.

Generali

ukcarper wrote: »

The actual drop this month was £705 and £1726 over year not sure how much rent the average person would pay over the year.

The good news is that house prices only have to drop another 7.25% to get to long term average.

Is the correct answer, 'none at all as the parasitic scum all claim housing benefit'?

chucknorris

These monthly figures might just be 'noise' but they (both the Nationwide and Halifax current and previous months) indicate to me that we are now in the stagnating period at or near the bottom of the cycle.

JonnyBravo

homelessskilledworker wrote: »

Thats another £2000 plus off the average price, another few hundred and we will be in the £150k's.

Those the other day that were using Nationwides August figures of a rise of £200 quid as a turning point for a new housing boom, will be fun and interesting to see how they talk themselves out of this one:).

Of course this Halifax data means didly squat on it's own(one months figures) IMO.

Good to see you've made up with Lloyds banking group and are happy with the service they're providing.

the_flying_pig

this news puts Hamish's recent "house prices are rising" mantra into context.

Halifax is down MoM, down QoQ, and down YoY.

NW is up MoM, flat QoQ, and down YoY.

to me it's obviously wrong to conclude that prices are going up from this stats - of the [STRIKE]five[/STRIKE] six numbers i've quoted, four are down, one up, and one flat. to me they paint a picture of somewhere between small falls & flattish.

interesting to put this in a historical context. NW says that prices are flat 6Yo6Y. Halifax says flat 8Yo8Y. supply and demand, eh.