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November Halifax Hpi -0.1%


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It's...

-0.1%

Brilliant! This figure reflects sales completed on offers made at the end of the summer - a time when EAs still had some "Sold" stickers in their windows. What are the figures going to be like come the New Year?!

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The BBC's take on things:

UK house prices have continued to slip, falling by 0.1% in November from the previous month, the Halifax says.

The lender, now part of Lloyds Banking Group, said that the average property was now 0.7% cheaper than a year ago, at £164,708.

Sluggish demand and a higher number of properties for sale had pushed down prices, it said.

But it said that signs of a reluctance to sell from some homeowners could halt the decline in prices.

wow. they have so much to say about it!

Phew - reluctant sellers are going to maintain prices. That's OK then. I was worried for a minute.

At least they have mentioned the YoY fall (albeit in a slightly bbc-biased way).

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Don't be fooled!

Prices are 2.4% lower than last November.

They have chosen to show the annual decline by comparing 3m averages rather than month to month.

The fact they have done this and the "optimism", nay, "certainty" about how this decline will be halted is revealing.

In my experience, there are enough stubborn sellers out there as it is - however, even their efforts can’t stop the slide. After all, it’s not as if they were all reasonable and have now decided to be difficult in the face of this new evidence!

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Don't be fooled!

Prices are 2.4% lower than last November.

They have chosen to show the annual decline by comparing 3m averages rather than month to month.

The fact they have done this and the "optimism", nay, "certainty" about how this decline will be halted is revealing.

In my experience, there are enough stubborn sellers out there as it is - however, even their efforts can’t stop the slide. After all, it’s not as if they were all reasonable and have now decided to be difficult in the face of this new evidence!

Yes, in fact they are suggesting there will be even fewer sales in the coming months.

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