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Realistbear

House Prices Unexpectedly Rise For Second Month

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http://uk.finance.yahoo.com/news/house-prices-unexpectedly-rise-for-second-month-in-a-row-says-halifax-tele-16d9f0223a0f.html?x=0

House prices unexpectedly rise for second month in a row, says Halifax
Buzz up! 0 Print..Topics:Economic news.10:28, Wednesday 22 September 2010
UK house prices edged up 0.2pc in August, confounding expectations of a fall as a strengthening economic recovery helped support demand, Halifax said.
The latest monthly increase follows a rise of 0.7pc in July and reverses most of the falls seen during the previous three months, Halifax data showed on Wednesday.

:lol::lol::lol::lol::lol:

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Eh? What's going on?

If this is sales, then rich people are still rich and there's been a shift in activity towards the higher end of the market.

If it's asking prices, then greedy people are still greedy.

What it isn't is a rise in actual sale values of individual houses.

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Prices in July were marginally lower (-0.5%) than at the end of 2009.

So we had a large up tick early in 2010, all of which have now been reversed, and we're heading into winter. I wonder what the derivative of the curve is, because the Halifax seems to think it's 0 when they say that they expect prices to remain flat over the whole of 2010 :rolleyes:

I'd say 4-5% down as a whole over 2010, which isn't really bad considering house prices were rising rapidly at the beginning of the year.

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Am I missing something or is this just regurgitating the Halifax August figures that were released a few weeks ago?

yes, the story and figures are two weeks old [out on the 8th of sep].

Edited by the flying pig

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Topics:Economic news.10:28, Wednesday 22 September 2010

This needs to be removed by the MODS. The cunning sods released it on today's Telegraph breaking news-possibly to counter the negative RM release ealier.

I am most displeased. :angry: ;)

Edited by Realistbear

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Hey, even the Beeb does this from time to time...

I remember getting a BBC Business housing market on the up story moved - a cunning bank had repackaged positive figures that were weeks old so they could achieve another bout of spin - and it worked. The spin doctors at the bank in question told me they did it all the time - I relayed that info to the BBC as well.

The Beed was enraged!

Edited by gruffydd

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Topics:Economic news.10:28, Wednesday 22 September 2010

This needs to be removed by the MODS. The cunning sods released it on today's Telegraph breaking news-possibly to counter the negative RM release ealier.

I am most displeased. :angry: ;)

I see the news hound is on the ball as ever

Edited by Tamara De Lempicka

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Topics:Economic news.10:28, Wednesday 22 September 2010

This needs to be removed by the MODS. The cunning sods released it on today's Telegraph breaking news-possibly to counter the negative RM release ealier.

I am most displeased. :angry: ;)

So am i.

I rushed out and bought another house on the strength of this report.

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Topics:Economic news.10:28, Wednesday 22 September 2010

This needs to be removed by the MODS. The cunning sods released it on today's Telegraph breaking news-possibly to counter the negative RM release ealier.

I am most displeased. :angry: ;)

Cheer up RB. Don't waste your anger.

It just proves how desperate they are to keep up that hpi spin.

But they wont be able to hide the truth much longer.

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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