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neon tetra

Halifax August 2017 - prices -0.2% QoQ, +2.1%YoY

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  • House prices in the last three months (May-July) were 0.2% lower than in the previous three months (February-April). This was the fourth successive quarterly fall; the first time this has happened since November 2012.

  • Prices in the three months to July were 2.1% higher than in the same three months a year earlier. This was lower than in June (2.6%) and is the lowest annual rate since April 2013 (2.0%). The annual rate has fallen from a peak of 10.0% in March 2016.

  • House prices rose by 0.4% between June and July, partially offsetting the 0.9% decline recorded between May and June. 

 

Here: http://static.halifax.co.uk/assets/pdf/mortgages/pdf/July-2017-Halifax-House-Price-Index.pdf

Edited by neon tetra

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22 minutes ago, PalmerEldritch said:

3.7% of mom rises in Oct-Dec 2016. Looks like the annual rate will definitely go negative by Oct/Nov 2017 when they drop out.

Only a few months to wait now.

Emergency rate cut required.

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Just now, rantnrave said:

Meanwhile, all is rosy according to Nationwide - prices up for second month in a row and a new peak set in July for the seventh consecutive month.

Does Halifax cover more of the really stagnant parts of the UK, the NE etc. And nationwide covers the home counties which is still rising off the London ripples?

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In a holding pattern currently with low sales volumes as no forced sellers so people just leave it on the market till someone eventually pays the money. Basically impossible for prices to fall until rates go up, or inflation goes up relative to wages, investors get taxed more or we get a recession and unemployment. Need 3 of those 4 things to happen. Currently we have 2 only just starting to happen with the potential for the other 2. But no fall yet, just static prices.

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29 minutes ago, Fromage Frais said:

Force to buy scheme to implemented.

All savings to be turned into HTB vouchers

Punishment squads to dish out beatings to those who refuse to buy.

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"As we move away from the previous period of political uncertainty that has plagued the property market of late, we should see a growing degree of stability return for UK homeowners."

Russell QuirkCeo of eMoove.co.uk

 

"The figures indicate that consumer confidence in property is still strong and demand for housing is very much still in evidence."

Brian MurphyHead of lending for Mortgage Advice Bureau

 

Russel,sorry,but a growing degree of stability?.The economy is rolling over.Mind you it might be a good thing for your company.Houses will fall that much sales will be a lot higher soon.

Brian,what does consumer confidence in property have to do with things?.Il tell you.Nothing.Its a hugely lagging indicator in the housing market.Its probably the best indicator of tops in most markets.You are saying people think houses always go up and they still do think that so its all good.Of course it doesnt matter to your company if banks lose money and buyers are bankrupted or suffer a couple of decades of financial pain as long as you get your fees.Your a salesman,no different to selling baked beans in Lidl.

 

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35 minutes ago, Fromage Frais said:

Force to buy scheme to implemented.

All savings to be turned into HTB vouchers

Prisoners let out on day release to decorate the empty bedrooms of the elderly. People sent to prison for being renter scum. Spare bedroom bonus given to people with more then one house.

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3 minutes ago, Si1 said:

Prisoners let out on day release to decorate the empty bedrooms of the elderly. People sent to prison for being renter scum. Spare bedroom bonus given to people with more then one house.

Money to be taken directly from savers' bank accounts and given to those who have a mortgage - the Savings Transfer Equity Assistance Levy

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2 minutes ago, rantnrave said:

Money to be taken directly from savers' bank accounts and given to those who have a mortgage - the Savings Transfer Equity Assistance Levy

They're already doing that.

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26 minutes ago, henry the king said:

In a holding pattern currently with low sales volumes as no forced sellers so people just leave it on the market till someone eventually pays the money. Basically impossible for prices to fall until rates go up, or inflation goes up relative to wages, investors get taxed more or we get a recession and unemployment. Need 3 of those 4 things to happen. Currently we have 2 only just starting to happen with the potential for the other 2. But no fall yet, just static prices.

Spot on but locally everything reduced I think 3 or more of your points will happen fairly quick

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