Tuesday, Sep 30, 2008
Wasn't a problem when they hyped on the way up!!!
Property Wire: UK mortgage lending association abandons short term property price forecasts
Trying to predict property prices in the UK in the short term is futile in the current economic turmoil, according to the country's trade association for mortgage lending industry. *Will Nationwide and Halifax indices go the same way?
Posted by whostolemyendowment @ 06:39 PM (680 views) Add Comment
5 Comments
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1. Will said...
I will predict the direction of house prices for them - DOWN . See, it's easy.
2. growler said...
exactly as your headline. It's blatantly obvious that there's no news in broadcasting how horrid the stats are. Trouble is, there are plenty of people that will still do the figures so "futile" will be clearly seen as "facile"
3. Markus said...
I've foreseen this happening. Just how useless their statistics are. Yes maybe Haliwide do the same, which would be a shame as it is the most up to date information on the market as it happens. However, the deflation has in the meantime reached the Land Registry data, which is based on the much-delayed completed sales. It will from now on show the bursting of the bubble with a c. 3-4 month delay compared to Haliwide. Expect 2-figure annual decline rates from them around Christmas.
4. malct said...
camerooney at conferencia
"we will protect the taxpayer where possible, and the system where necessary"
sounds like 'darling'
wake up people
it is a conspiracy- no theory - just fact
5. Rm96696 said...
Maybe they should only publish data and forecasts when prices are going up. Thay way they can keep the "housing prices never go down" myth alive.