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Debate House Prices
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Halifax May: +1.1% MoM +2.0% YoY
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Recovery continues.
:beer:
:beer:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »Details to follow
The QoQ is showing a strong trend as wellPrices in the three months to April were 1.3% higher than in the previous three months according to the latest Halifax House Price Index.
Anway, here's the report
http://www.lloydsbankinggroup.com/media/pdfs/halifax/2013/080513_HPI.pdf:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Mortgage payments for a new borrower remain significantly below the long-term average as a proportion of disposable earnings.
Typical mortgage payments for a new borrower - both first-time buyers and homemovers – at the long-term average loan to value ratio, have nearly halved as a proportion of disposable earnings from a peak of 48% in 2007 Quarter 3 to 28% in 2013 Quarter 1.
This is significantly below the average of 36% recorded since 1984.
Affordability better than just about any time in history bar a few years at the absolute trough in the 90's.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
shortchanged wrote: »0.1% rise. That is some spring bounce.
Impressive figures.Graham_Devon wrote: »The lack of a spring bounce can be blamed on the snow this year!
Messrs devon and shorty will surely be pleased with these more significant figures.0 -
I told you the Spring Bounce would be massive...Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Why is this good news again?0
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HAMISH_MCTAVISH wrote: »Affordability better than just about any time in history bar a few years at the absolute trough in the 90's.
Not this month it isn't.
The price of the average house has gone up 2k, therefore affordability is worse. That's just common sense. A graph doesn't graph common sense.0 -
Graham_Devon wrote: »The price of the average house has gone up 2k, therefore affordability is worse.
Are you serious?0 -
Over in 'other forums' they're talking about how you get 'more in savings' than this 1.1% rise.
It's a pity I've been banned as I'd like to source myself one of these savings accounts that pay 1.1% monthly.
And, of course, prices aren't really rising because the GBP/USD exchange rate didn't budge.... !!!!!!???0 -
Mr._Pricklepants wrote: »Are you serious?
Err, yes. I'm serious.
Common sense.
How do you want to spin it?0 -
Graham_Devon wrote: »Err, yes. I'm serious.
Common sense.
How do you want to spin it?
There's more to affordability than just the price tag, don't you agree?0
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