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Debate House Prices


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Halifax Figs for May -2.4%

Halifax figs just out -2.4% for May.

BBC just put it up with more details to come....

* EDIT - LINK

Discuss :D
«1345678

Comments

  • skap7309
    skap7309 Posts: 874 Forumite
    Incredible, the falls are accelerating. Remember - lower house prices ARE a good thing.

    Cheers for the link #3 ;)
  • -3.4% YoY.
  • HouseBuyer_2
    HouseBuyer_2 Posts: 37 Forumite
    Excellent, tempted to send it on to some of the vendors of the houses I'm interested to offer in...
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    still on course for my 10-20% predicted fall this year :p
  • HouseBuyer_2
    HouseBuyer_2 Posts: 37 Forumite
    adr0ck wrote: »
    still on course for my 10-20% predicted fall this year :p

    If gordon brown doesn't feel the need to save the housing market then the prices should correct.

    But I'm looking now because I'm worried that the government will do something stupid about bailing 100%/125% mortgage buyers out. (vis a vis NR)
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    Futures market has snapped down again to predicting UK average house price between 139k and 142k at Christmas 2010 - peaked around 200k current around 185k.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • oldMcDonald
    oldMcDonald Posts: 1,945 Forumite
    skap7309 wrote: »

    Cheers for the link #3 ;)

    S'ok, no. 2 :D
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    HouseBuyer wrote: »
    If gordon brown doesn't feel the need to save the housing market then the prices should correct.

    But I'm looking now because I'm worried that the government will do something stupid about bailing 100%/125% mortgage buyers out. (vis a vis NR)

    I should think he has thought about it to try to save his own skin, but where will he borrow the money from? He was already borrowing at records levels before the 10p fiasco and completely forgot to put any money aside during the good times. No gold reserves to fall back on either as he sold that years ago, when prices for gold were low.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    Bah! Halifax is a rubbish smallfry company, figures don't mean anything, waiting for figures from a more reliable organization. Just the same as that nationwide thing, means nothing. Anyway its only a couple of percent, doesn't mean anything, I've made a ton the last few years on my properties and shall continue to do so, no matter what you market talking downer losers do or say. And how dare you try to put off FTB'ers that may mortgage their first born to buy a house to keep the quite stable market going up?

    Just thought I'd get it in first :D
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • neas
    neas Posts: 3,801 Forumite
    hyaha i thought you was for real at first :P
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