MSE News: House prices rising again, Halifax says

Former_MSE_Helen

"Month-on-month house prices fell in January, but quarterly prices have seen their biggest price increase in three years..."

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House prices rising again, Halifax says




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mrginge

Or alternatively,

'housing market in crisis as prices fall in january'

I dont even need to read the detail to know that both headlines are garbage

Harry_Boyle

Great news for all those people who are stuck in negative equity.

Tancred

It's ealry days for 2013 but there is certainly an upward move. Not a boom, but the market is definitely getting more lively.

sterl1ng

And challenging news for all us FTBs....bit like a neverending story building that infamous deposit.

nollag2006

sterl1ng wrote: »

And challenging news for all us FTBs....bit like a neverending story building that infamous deposit.

Good to see that so many more 90% loans are now available too.

Are all of the house price indices now showing price growth in the market?

Tancred

sterl1ng wrote: »

And challenging news for all us FTBs....bit like a neverending story building that infamous deposit.

90% deposits are available again - don't waste time building a biggger deposit than you need to get your foot on the ladder.

tgroom57

I'd like paras 2 - 4 clearly annotated with the source eg (Halifax).

Halifax is not flavour of the month for me right now and seems to be making more defensive moves than otherwise. Extra interest in the housing market is to their benefit and how best to bring that about? In short, I no longer 'trust' them.

Lies, damn lies, and statistics.

mrginge

Harry_Boyle wrote: »

Great news for all those people who are stuck in negative equity.

So any perceived reduction in their neg eq is more than offset by the rise in the house they would want to move to.
Good news indeed!

sterl1ng

Tancred wrote: »

90% deposits are available again - don't waste time building a biggger deposit than you need to get your foot on the ladder.

Yes but surely then I will have higher interest rate to pay versus say a 15% deposit?

nollag2006

sterl1ng wrote: »

Yes but surely then I will have higher interest rate to pay versus say a 15% deposit?

Marginally

But when you come to remortgage in (say) two years time, house prices will be 5-10% higher and you will have paid a chunk of your mortgage off - so the rates available for 15-20% deposit mortgages will be well within your grasp.

As for whether interest rates will rise over the next few years, I honestly doubt it until the recovery, in both house prices and the wider economy, is well underway