Jump to content
House Price Crash Forum
Kyoto

December Halifax Hpi

Recommended Posts

Woohoo! That's a nice one. Not over huge and unbelievable but still a nice drop :) just what we needed to oppose the teeny nationwide rise :D

Yoy must be a goodun now too...

Share this post


Link to post
Share on other sites

Woohoo! That's a nice one. Not over huge and unbelievable but still a nice drop :) just what we needed to oppose the teeny nationwide rise :D

Yoy must be a goodun now too...

Nice! But why oh why are houses selling at peak 2007 prices +10% in my area. Just not fair.

Share this post


Link to post
Share on other sites

Dec 10 vers Dec 09 = -3.4%

My favourite paragraph

The low interest rate environment has reduced the burden of servicing mortgage debt. Typical mortgage payments for a new borrower have fallen from a peak of 48% of average disposable earnings in mid 2007 to 29% in the last quarter of 2010. This key measure of affordability is at a better level than the long-term average over the past 25 years (37%) and is an important factor supporting housing demand.

Edited by JPJPJP

Share this post


Link to post
Share on other sites
"Prices in the final three months of 2010 were 0.9% lower than in the previous quarter. This rate of decline is significantly less than the quarterly falls of 5-6% during the second half of 2008. House prices fell by 1.3% between November and December.

"Looking forward, we expect limited movement in house prices during 2011 but with the risks on the downside. Interest rates are likely to remain very low for some time. This will continue to support a favourable affordability position for those entering the market and limit financial pressure on existing homeowners to sell. Current signs that homeowners are becoming more reluctant to sell would, if continued, help reverse the imbalance between buyers and sellers. Nonetheless, uncertainty about the economy, weak earnings growth and higher taxes could put some downward pressure on demand."

Share this post


Link to post
Share on other sites

tiny numbers :(

Not really, like I say, that's over £1500 off the average price or some £3k extra in your pocket over the lifetime of a mortgage in just one month.

That's a lot more rent than I pay.

Share this post


Link to post
Share on other sites

Can't see the unadjusted figure there.

Naionwide had 0.4% seasonally adjusted but -0.4% real.

So if Halifax have -1.3% seasonally adjusted then real has got to be lower, though it looks like they don't fiddle it as much as Nationwide.

Share this post


Link to post
Share on other sites

Spin to be it's over the Christmas period? Sales slacked off?

The number of sales may be reduced by the snow etc, but not the average sale price of those sold.

Share this post


Link to post
Share on other sites

Now that is a good start to the year, prices are now £5000 lower than last year!

One thing to note, there hasn't been a wisper of this on either BBC or Sky!!

Bad news = No news!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.