Saturday, Apr 04, 2009
Conspiracy theory ? Whose turn to post the BS ?
Financial Times: House price movements cause confusion
Different data from Nationwide and Halifax this week have been part of a confused picture of the status of the housing market. While Nationwide prompted hopes that the bottom of the market may be in sight when it reported a surprise rise in house prices this week, Halifax data to be released on Saturday shows house prices are still falling. In March its index decreased by 1.9 percent. The disparity in the respective data is mirrored by the differing opinion reported by estate agents, with some noting a sharp increase in buyer interest and a higher volume of sales, while others are being more cautious.
Posted by howsyercat @ 06:41 PM (772 views) Add Comment
3 Comments
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1. drewster said...
Sales volumes are very low so no surprise to see fluctuations in the figures. However the trend is clearly downward, and will continue to be downward for some time.
2. it_is_going_with_a_bang said...
IMO it is a flurry of desperate people trying to find something that will give them an income from their savings.
Desperate 'savings interest' times call for desperate house price enquiries and some purchases.
But just look at the dismal lending rates available for new lending. Nothing even close to easy criteria.
So for the time being there is only one way it is going as an average.
3. inbreda said...
Conspiracy? who needs a conspiracy? The indices are in agreement - they both say that house prices are falling fast. The end.