Wednesday, May 06, 2009
Shock fall in prices by 1.7% in April
Lloyds Banking Group (Halifax): Latest House Price Index - April 2009
Higher fall than expected according to news on BBC Radio 5 live? Really ?
Not on BBC web site yet. Wondfer why ?
Posted by doomwatch @ 09:42 AM (1099 views) Add Comment
16 Comments
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1. hpwatcher said...
I don't care who knows it, but this has made my day!!!!!
WOO HOOOOOO!!!!!!!!!!!
2. crunchy said...
Oh dear, oh dear and I just bought a block of flats on recent BBC's hype. Can I sue. lol
Caveat emptor!
3. Umisenyamasen said...
Maybe the housing market has caught swine flu?
what's the prognosis?
made my day too!
4. 51ck-6-51x said...
Notice that these government sponsored layabouts seem to have taken an extra bank holiday on Tuesday.
Still applying the old rate of change spin using all of two data points: "House prices declined by 1.7% in April. This was slightly less than the 1.9% fall in March."
5. 51ck-6-51x said...
6. 51ck-6-51x said...
">OOPS, sorry!
so... let me do that again...
BBC News article
7. 51ck-6-51x said...
Oh, where is Little Professor?...!!
8. doomwatch said...
Nice bit of divergence.
Of course they're both wrong according to "soon to go bust" Poxtons. A spokessnake said "This breaks the "what
did the bigger house down the road sell for in 2007, and add on 5k" rule".
9. matt_the_hat said...
6. 51ck-6-51x - the rate of change of the rate of change looks to be stabilizing this must be the leveling off that everyone was talking about
10. crunchy said...
The mean is still down. The mean little monster! lol
11. robh said...
*Shock* ?
To whom?
12. 51ck-6-51x said...
matt_the_hat - heh, yeah.
(Although the 2nd derivative is far from stabilising, what with all the bouncing... it has flicked back towards zero though, if that's what you mean.)
The BBC graph is actually a little flawed. They report it as "Year change %" when it is actually a one month lagged, 3 month moving average of the %YoY. The crossover from positive to negative territory is the easiest place to see this if one wants to study the raw data (Excel file)
13. little professor said...
That's a massive £2,600 drop in the average house price in just one month - more than the average income, with no indication of the pace of falls slowing. So much for green shoots.
14. crunchy said...
On fine form after the op I see 5ick.
I may now call you 5ick-6-5titch! lol.
15. 51ck-6-51x said...
crunchy - LOL. Yeah, I have a mouth full of em.
16. crunchy said...
Who did the op Tim Burton! : $