NOW OPEN: the MSE Forum 'Ask An Expert' event. This time we'd like your questions on TRAVEL & HOLIDAY DEALS. Post by Wed and deals expert MSE Oli will answer as many as he can.

Debate House Prices


Since the Forum relaunch, in order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.

MSE News: House prices climbed in October, says latest report

edited 4 November 2010 at 11:33AM in Debate House Prices & the Economy
137 replies 1.8K views
Former_MSE_NatashaFormer_MSE_Natasha Former MSE
672 Posts
edited 4 November 2010 at 11:33AM in Debate House Prices & the Economy
This is the discussion thread for the following MSE News Story:

OfficialStamp.gif
«13456714

Replies

  • edited 4 November 2010 at 9:05AM
    BlacklightBlacklight Forumite
    1.6K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    edited 4 November 2010 at 9:05AM
  • I'm still saying big 5-spring_bounce.gif2011....


    ..... and one of these days someone will "Thank" one of my posts lol :D
  • edited 4 November 2010 at 9:14AM
    setmefree2setmefree2 Forumite
    9.1K Posts
    Mortgage-free Glee!
    edited 4 November 2010 at 9:14AM
    Why "Thank You" Blacklight for your kind "Thanks" :D I hope that wasn't you taking pity on me....smiley_wink.gif
  • confirms what many suspected, namely that the sep figure included some sort of measurement error.

    the halifax data seems to show that:

    (1) prices are falling [we seem sure to end the 2010 down by a few percent];
    (2) but only slowly.

    i'm not unhappy with that.
    FACT.
  • Well, I'm confused! I suppose it does indeed show that Generali is right - monthly figures are noise.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • dopesterdopester Forumite
    4.9K Posts
    What reasons do you expect a spring up in prices smf? Chucky and most other sensible optimistic property people aren't expecting that to occur - afaik.
    “An increase in the number of properties available for sale in recent months, together with a decline in demand, has put some downward pressure on prices in recent months. We do not believe that prices are set to fall sharply over a sustained period. Interest rates are likely to remain very low for an extended period, which will continue to support the improved mortgage affordability position for homeowners. Low rates and stable employment levels are benefiting homeowners."
    We'll see. I'm not sure low rates can prevent it - hasn't rescued some parts of the US (yes know of the differences) as public sector costs reforms kick in, uni fees shoot up ect ect. Low rates are certainly recuing the debt heads though, and denying entry to those who should have been allowed opportunity via corrective market forces.
  • Well, I'm confused! I suppose it does indeed show that Generali is right - monthly figures are noise.
    UK House prices OCTOBER 2010 (seasonally adjusted)

    Annual change +1.2%
    Quarterly change -1.2%
    Monthly change +1.8%
    Average Price £164,919


    Commenting, Martin Ellis, housing economist, said:
    "Prices in the three months to October were 1.2% lower than in the preceding three months. This measure gives a better indication of the underlying trend in house prices than the monthly changes. There has been a very mixed picture of monthly house price rises and falls throughout 2010, which continued in October with prices rising by 1.8% following September's decline, reflective of flat house prices. The rate of decline in prices on the three month-on-three month measure is markedly less than the quarterly declines of more than 5% recorded during the second half of 2008.

    Quarterly shows -1.2%, this is a less "noisy" measure - slow but steady falls seems to be the trend
  • BlacklightBlacklight Forumite
    1.6K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Halifax report says 'things are largely flat'. At least that's what it says to me.
  • gagahouse wrote: »
    Quarterly shows -1.2%, this is a less "noisy" measure - slow but steady falls seems to be the trend
    Blacklight wrote: »
    Halifax report says 'things are largely flat'. At least that's what it says to me.

    Indeed, many predicted a stagnant year.
    We saw increases in the first half and now declines in the second half.

    2010 will turn out as many predicted to be a stagnant year.

    P.s. doubt this thread will see 34+ pages ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Really2Really2 Forumite
    12.4K Posts
    Wonder if the same people calling last month figured gospel and the and the start of the crash will be calling this the start of the boom.

    What a surprise, the biggest fall is followed by the biggest rise for 1year +. ;)

    I take it the Halifax has lost its credibility (again) with this month. :)

    To me this screams the Halifax are not doing many transactions as their data is so much wilder than the nationwide and LR.
This discussion has been closed.
Latest MSE News and Guides

Energy Price Cap change

Martin Lewis on what it means for you

MSE News

Best £1 you've ever spent?

Share your most impressive bargains

MSE Forum