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Debate House Prices


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Halifax April 2014 - 0.2% MoM + 8.5% YoY

http://www.lloydsbankinggroup.com/media/press-releases/2014/halifax/halifax-house-price-index---april/
House prices fell marginally by -0.2% in April. This was the second
successive monthly price fall and the third in the past six months.

Quite a bubble.
Don't blame me, I voted Remain.
«1345

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Good.

    It's also good that I didn't have to wait too long to say good. Good.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    I think someone should tell the OECD about our overheating market.
    Don't blame me, I voted Remain.
  • System
    System Posts: 178,422 Community Admin
    10,000 Posts Photogenic Name Dropper
    Bubbletastic.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    The Quarter on Quarter measure, their preferred is up 2.3% which is pushing 10%, annualised.

    It'll be interesting to see what happens when interest rates rise.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Good.



    Indeed, in fact I would say that 8.5% YOY is better than good.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Generali wrote: »
    The Quarter on Quarter measure, their preferred is up 2.3% which is pushing 10%, annualised.

    It'll be interesting to see what happens when interest rates rise.


    I hope you don't mean this afternoon? If so, you might be disappointed.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I hope you don't mean this afternoon? If so, you might be disappointed.

    Ha ha, no. I don't mean this afternoon.

    The BoE will start to increase rates when the Fed increases theirs unless something changes. I expect that to be in about a year, maybe slightly less (end of Q1 2015).

    Interest rates will rise at some point. They won't stay at 50bps forever.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    Bung rates up now to 5% just as a warning to stop people becoming complacent. Could bring them down again next month.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Bantex wrote: »
    Bung rates up now to 5% just as a warning to stop people becoming complacent. Could bring them down again next month.

    Thankfully you don't get to vote on the MPC. Trashing the economy 'to warn people' is a very stupid idea.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    Just a month wouldn't trash the economy.
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