silver surfer Posted June 10, 2011 Share Posted June 10, 2011 (edited) Acadametrics data out today, so everyone apart from Land Registry and CLG everyone has published their May data. Annual summaries as follows, Nationwide, -1.2% (based on agreed prices for mortgaged properties) Halifax, -4.2% (based on mortgage offers for mortgaged properties) Acadametrics, +1.1% (based on Land Registry data, index of indices model) Land Registry, -1.3% (April data, actual completion prices) Rightmove, +0.7% (based on asking prices) Hometrack, -3.7% (based on EA estimated local prices) CLG, +1.2% (March data, based on mortgage completion prices) So take your pick, over the past 12 months house prices are anywhere from down 4.2% to up 1.2%. Edited June 10, 2011 by silver surfer Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 10, 2011 Share Posted June 10, 2011 which of those are mix-adjusted? (everything else must be ignored as statisitcally flawed) Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 10, 2011 Share Posted June 10, 2011 CLG, +1.2% (March data, based on mortgage completion prices) Other House Price Indices There are several house price indices available from commercial sources. The Department for Communities and Local Government (DCLG) index shows a similar trend in annual house price rates to other indices. Differences will be affected by differences in the data and methodology used to compile the index. For example, the DCLG index uses expenditure weights, whereas other indices use transaction weights. Consequently, the DCLG index is influenced by house price growth rates in the higher priced areas (which are currently in the South) where house prices - and therefore total expenditure on house buying - is highest. Similarly, regional rates of change in house prices determined by the DCLG Index are more influenced by the market for the higher priced properties (i.e. the demand for detached houses). Furthermore, the DCLG house price index figures are based on completions. Some other indicators are based on asking prices or mortgage approvals and reflect activity in more recent periods. There is a lag between mortgage approval and mortgage completion. Therefore the DCLG Index is not directly comparable with these other indicators. Quote Link to comment Share on other sites More sharing options...
Lepista Posted June 10, 2011 Share Posted June 10, 2011 which of those are mix-adjusted? (everything else must be ignored as statisitcally flawed) Not in the long run. Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 10, 2011 Share Posted June 10, 2011 Not in the long run. erm, yep, but by long run I would mean minimum period of about 100 years! Quote Link to comment Share on other sites More sharing options...
silver surfer Posted June 10, 2011 Author Share Posted June 10, 2011 (edited) which of those are mix-adjusted? (everything else must be ignored as statisitcally flawed) Well, you might argue that any index that restricts itself to mortgaged properties, at a time when mortgage availability is exceptionally low and cash purchases are about 40% of the market, is also statistically flawed! I guess they've all got their good and bad points, bottom line is that the indices taken together are saying prices over the past year haven't moved massively. Let's hope the next year shows a bit more downwards vigour. Personally I'm hoping the next six to nine months shows an accelerated drop as, after STRing at the end of 2005, I'm planning on buying by Spring 2012. Edited June 10, 2011 by silver surfer Quote Link to comment Share on other sites More sharing options...
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