Friday, May 01, 2009
Seasonal adjustment puts cat among the pigeons
Moneymarketing: UK House Prices: Is the bouncing cat dead or alive?
Last month much was said of the surprise bounce in Nationwide's House Price Index, which saw house prices jump by 0.9 per cent. Then this week the bouncing cat was pronounced dead as the building society revealed an April drop of 0.4 per cent. But is the cat really dead? John Charcol senior technical manager Ray Boulger has long bemoaned "seasonally adjusted" house prices, the norm for the HPIs of both Nationwide and Halifax, as "doctored" statistics that aren't showing us the whole picture. It might be time to check the pulse of little Whiskers.
Posted by jack c @ 06:06 PM (934 views) Add Comment
4 Comments
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1. shining wit said...
Is the bouncing cat dead or alive?
Well the Vet says he is well and purring like a kitten but we all know that the Vet is just milking the cat's insurance !
2. jonb said...
There is usually a spring bounce at this time of year, and it seems that this year is no exception, except that the bounce is a lot smaller than usual. You can't read much into month-on-month movements, especially when transaction levels are 50% down on last year.
3. rumble said...
Does it matter whether the cat is alive, dead or in fact a moose? Do you really want to get involved with a house purchase in the current deteriorating economic conditions?
4. crunchy said...
Is the bouncing cat dead or alive?
None of the above.
It is sleeping of course, on a roadside wearing a fashionable cat jacket with a rather novel tread pattern running across it.
From what I could make out of the mangled tag it's name was Gord Gona Goon, something like that.