Thursday, Sep 07, 2006
House prices on the up
Guardian: House prices rise again
House prices rose by 1% in August, figures showed today, suggesting last month's interest rate rise had little impact on homebuyers.
Posted by bufferbear @ 11:57 AM (153 views) Add Comment
4 Comments
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1. Thesqueeze said...
"Halifax said the market was underpinned by a strong economy and high employment and activity"
No Halifax, unemployment is at its highest for 8 years. There are lies, damned lies, statistics, and Halifax statistics....
2. Scallywag said...
The Bigger the BUBBLE The more crap on the face when it bursts.
3. Ttimgg said...
I recently read an article about the US market which pointed out an interesting mathematical curiosity. It is possible for average selling price to rise even though the price of every individual house falls.
Impossible? No. The trick is to realise that average price depends on distribution as well as absolute values. If relatively fewer cheaper houses are sold, and relatively more high-end houses, the average selling price will increase, even if actual prices do not change at all - or even go down.
Is that happening here?
4. indiablue19 said...
The interest rise may not be affecting house sales -- nor is it affecting interest rates for savers. I haven't noticed interest on our foolishly named "Bonus Saver" fund [bonuses for whom one wonders] twitch upward even a hundredth of a point. On the other hand, credit card rates move ever skyward.