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MSE News: House prices climbed in October, says latest report
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Affordability in Oct 2009 based on 164.9k house price is a 4.6 multiple of income
Affordability in Oct 2009 based on 164.9k house price is a 4.5 multiple of income
says it all really, price stayed the same, but affordability increased by 2%...
Home owners happy, people looking to buy, happier too. Everyones a winner.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
so why didn't they distort them last month when they fell 3.4%???
Perhaps London had a slow month as well.
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shortchanged wrote: »Perhaps London had a slow month as well.
Mix adjust and seasonal adjust should make that not a factor.
More likely the fact is the Halifax data is fairly pinched at the moment.
The other two indexes are not as volatile, so there has to be a problem somewhere on what the halifax are doing.
I would say it is just down to sample size, and how that is affecting their seasonal and mix adjustments.
It will get to nearly the same point as the others, just not as smoothly by the look of it.0 -
Affordability in Oct 2009 based on 164.9k house price is a 4.6 multiple of income
Affordability in Oct 2009 based on 164.9k house price is a 4.5 multiple of income
says it all really, price stayed the same, but affordability increased by 2%...
Home owners happy, people looking to buy, happier too. Everyones a winner.
That's what's going to happen for the foreseeable future. Until all of a sudden people realise they can afford to buy and the market picks up and prices rise again.0 -
Person opinion:
Can't be bothered with the arguments going on. It was pretty obvious that this month would see a rise, which is what I, and many other stated on the last Halifax thread on about page 34 or so. Don't think anyone was expecting a fall?
It's not a rise, per se, not when you look at the 2 months together. It's still a fall over 2 months of 1.8%, it's just with such a massive fall last month, house prices really would be in a desperate situation if this month falls occured on top of falls the month before of -3.6%. These figures (this and last months) are hard to use on their own).
It does lead to stagnation, but the data making up these figures month on month is at best, volitile. Don't believe any other market would be called stagnant. Would be called boyount, or volitile. Don't remember gold for instance, being called "stagnant" just because it started and finished the year at roughly the same price. A lot can happen in the data that makes up the start and end point, and that's what we have seen in the housing market.
So yes, stagnant in terms of points A (year start) and B (year end). But volitile at best inbetween those points, which only shows uncertainty in my opinion of where we are right now and where we are heading.0 -
why do these negative type of "people" cling exclusively to the Halifax index as the be all and end all when trying to make their points about house prices...
why don't they use the Land Registry or Nationwide indicies....
no wait, let me guess it doesn't suit their mindset or agenda...0 -
I wouldn't say I was negative, just a realist.
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why do these negative type of "people" cling exclusively to the Halifax index as the be all and end all when trying to make their points about house prices...
why don't they use the Land Registry or Nationwide indicies....
no wait, let me guess it doesn't suit their mindset or agenda...
I think people are just talking about the Halifax index as that's what the thread is about...0 -
Not that anyone could look at last month not actually being an anomaly and that is correcting out with new data.
No, last month was correct and every house is still worth 2% less than 2 months ago.
-3.7% looks to all intents based on shaky data, house prices are not that volatile that they go down nearly 4% then go up nearly 2% in 30 days.
I believe they have been up and down about the same number of times this year.
If we were truly to have a decent fall, you would have to expect at least some sustained falls.0 -
why do these negative type of "people" cling exclusively to the Halifax index as the be all and end all when trying to make their points about house prices...
why don't they use the Land Registry or Nationwide indicies....
no wait, let me guess it doesn't suit their mindset or agenda...
Thought Zoopla was the index of choice yesterday:D0
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