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Realistbear

House Prices Fall Again In July -- D C L G

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http://uk.biz.yahoo.com/15092009/325/house...-fell-july.html

House prices fell in July

LONDON (Reuters) - House prices in July were 8.3 percent lower than in the same month a year ago, figures issued by the Department of Communities showed on Tuesday.

Prices were 1.4 percent higher than in the previous month, the data showed. The adjusted average house price was 196,338 pounds in July 2009.

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http://uk.biz.yahoo.com/15092009/325/house...-fell-july.html

House prices fell in July

LONDON (Reuters) - House prices in July were 8.3 percent lower than in the same month a year ago, figures issued by the Department of Communities showed on Tuesday.

Prices were 1.4 percent higher than in the previous month, the data showed. The adjusted average house price was 196,338 pounds in July 2009.

It's good to have you back RB! :) Bringing us the unspun bear news.

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Guest KingCharles1st

Be interesting to see where it all went wrong for the shirts, by looking at the July '07 price, factoring in 2 years of "projected inflation" and then comparing THAT to where we are now.

AWWWW...

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Err, the data shows that prices rose in July.

No doubt due to fewer, more expensive homes selling to skew the data.

YoY is key for the long haul. This should be a 10 year down-cyle.

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full release here http://www.communities.gov.uk/publications...stics/hpi072009

Interesting change:

'Changes to the house price index release

For the first time this month the house price index includes seasonally adjusted information alongside the existing non-seasonally adjusted data. This is to provide a clearer picture of the underlying behaviour of the series once seasonal and calendar influences have been removed. All monthly and three monthly percentage changes in house price are derived from the seasonally adjusted index. All other figures, including annual rates of change and average house prices, are derived from the non-seasonally adjusted index. This is unless stated otherwise.'

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The CLG house prices in July/09

£196,338 NSA, -8.3% YoY, +1.4% MoM

and, as pointed out, they've introduced for the first time this month the seasonal adjustment indormation.

Charts of the July/09 updates to regional house prices - recebt 'bounce' very evident

http://www.houseprices.uk.net/articles/odpm_regional/

Link to CLG Report, July/09

http://www.communities.gov.uk/documents/st...pdf/1335311.pdf

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No doubt due to fewer, more expensive homes selling to skew the data.

YoY is key for the long haul. This should be a 10 year down-cyle.

Try looking at Land Registry Report for July on page 13. Sales volume for houses in various price ranges compared YoY. Doesn't support your theory of skewing from sales of more expensive homes. If anything the cheaper houses, 50,000 to 200,000 range, are showing the least reduction in volume of sales YoY.

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