Halifax March Data Down 2.5% Mom

[crown]

ouch

Just on Bloomberg

Can that be right?

Link to follow

Edited April 8, 2008 by crown

[jdc]

If it's -0.4% MoM then the annual rate will be 2.5% lower than last month. Maybe it's that?

[muggle]

Saw it too - no links as yet though

[ziknik]

I got given the same info.

No link yet, i'm waiting for Declan

[crown]

No YOY was around 1.3%

[crown]

did declan mention it?

[ImA20SomethingGetMeOutOfHere]

Just came up on radio 4 as well.

-2.5% mom by the sound of it.

[Minesapint]

http://www.hbosplc.com/economy/includes/08...ndexMar2008.doc

[hpc-craig]

Declan didn't say anything.

No doubt if it had've climbed even a fraction of a percent they would have gone straight to him.

[ImA20SomethingGetMeOutOfHere]

http://www.hbosplc.com/economy/includes/08...ndexMar2008.doc

All Houses, All Buyers Index (1983=100)

Index (seasonally adjusted) 620.0

Monthly Change -2.5%

Annual Change 1.1%

Standardised Average House Price (seasonally adjusted) £191,556

Bring it on baby!

[jp1]

ouch

Just on Bloomberg

Can that be right?

Link to follow

Monthly -2.5

Yowza!

[Mikhail Liebenstein]

Monthly -2.5

Yowza!

I'll have to express minor disappointment at the Great London figures, but actually I suspect this is due to a higher proportion of large houses coming on for sale. A look at right move shows 1500 houses over £1m on the market in Surrey. Some of these vendors are already breaking ranks, so I will expect a fall in April.

[hpc-craig]

So ANnual Change was 4.2% last month and now down to 1.1% (Same as NW except that Halifax's average price is over £10,000 higher).

Both on Course to go YoY negative on the next release as widely predicted (by us of course)

[jp1]

http://www.hbosplc.com/economy/includes/08...ndexMar2008.doc

west midlands -5%

Evan Davies just accused Halifax spokesman of "desperation" with their upbeat analysis

[Confiteor]

Evan Davies having a go at Martin Ellis on Today as we speak!

[Conquistador]

Evan Davis accusing Martin Ellis of 'desperation'. Ellis denying 'bubble'!

hahahahahahaha

[OnlyMe]

Sound economic fundamentals are supporting house prices. A strong labour market, low interest rates and a shortage of new houses underpin housing valuations.

No credit bubble then.

No 100,000's of jobs destroyed by increasing costs when competing with a globalised economy.

No fraud.

No slushing of debt onto third parties because the levels of debt were utterly ludicrous and no person of sane mind would keep it on their books.

[jac]

it's -1.3% yoy. the actual yearly change they give is three month average.

[marlon brando]

Evan Davies has been put on the today program just in time to be the 'crash correspondent'.

[hpc-craig]

Where is Evan these days?

Has he left Browns Broadcasting Channel?

[thecrashingisles]

Hilarious spin in the report:

There were house price falls in six regions with the biggest falls in West Midlands (-5.0%) and Wales (-4.7%). These declines should be seen in the context of the substantial price rises recorded in these regions over the past ten years; West Midlands (150%) and Wales (188%).

And what about the rest of the UK? Yes I think we can see a 50% correction in the context of the previous unsustainable boom.

[Guest The_Oldie]

Where's Spline these days?

[ImA20SomethingGetMeOutOfHere]

House prices down about eight grand from the peak now:

[TheCountOfNowhere]

"There were house price falls in six regions with the biggest falls in West Midlands (-5.0%) and Wales (-4.7%)"

Was that -5% and -4.7% in month one ?

Fook....now that's a crash!!!

[Not 100% Sure]

ouch

Just on Bloomberg

Can that be right?

Link to follow

It is 2.5% a month...