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Halifax Hpi Figure Out At 8Am...-1.4% M.o.M


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HOLA441
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9204_comical_ali_jpg.jpeg

Nothing to see here, please disperse, royal wedding would have put a dampener on house buyers as they eyed up the possibility of buying Buck Pal, with Kate being a commoner the canny forward looking property investor would figure Wills might be looking to sell and move to Rotherham

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http://www.lloydsbankinggroup.com/media/word/HPI/2011/HousePriceIndexApril2011.doc

Downward trend continues. Quarterly seems to be down 1.2%, relatively slow falls continue. No doubt until the price / earnings ratio comes back in to line. Only problem is this will discourage IR rises.

Makes next month's more interesting as these falls have typically been followed by a bounce the next month.

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I like the way the Lloyds spokesman describes this as "a trend of "modest decline"".

-1.4% MoM is equivalent to an annualised fall of around 15.6%.

A bit like the way the Nationwide's negative numbers are signs of a market "stagnating" :lol:

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