Friday, May 11, 2007
FT house price index
FT.com: House prices resilient in face of rate rises
"The resilience of the housing market in the face of four interest rate rises in nine months was underlined on Friday by the FT’s house price index for April, showing stable house price inflation.
Annual house price inflation in April was 8.4 per cent, unchanged from each of the three previous months. The monthly figures followed a similarly consistent pattern with house prices rising by 0.7 per cent last month, from March’s 0.6 per cent increase."
[poster comment: not quite the 10+ percent Halifax reported]
Posted by dohousescrashinthewoods @ 10:13 AM (138 views) Add Comment
2 Comments
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1. Davros said...
"On a monthly basis, six of the nine regions showed falls in price."
Is this significant do you think?
2. talking rot said...
What utter rubbish. House prices are not resilient in the face of 4 interest rate rises. A rise takes approx. 2 years to feed through and possibly longer if a significant number of mortgagees have 2 - 5 year fixed rate deals.
Ask yourself - what was the interest rate 2 years ago? House prices are being resilient to that rate of interest and not today's rate.