rantnrave Posted February 7, 2018 Share Posted February 7, 2018 (edited) -0.6% MoM https://static.halifax.co.uk/assets/pdf/mortgages/pdf/January-2018-House-Price-Index.pdf Edited February 7, 2018 by rantnrave Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 And for the Count... Last month's -0.6% now quietly revised to -0.8% That's one of the greatest revisions I remember. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 Nothing about this on the BBC - unlike Nationwide's 0.6% rise which was plastered all over their website within an hour. Complaint submitted Quote Link to comment Share on other sites More sharing options...
darkmarket Posted February 7, 2018 Share Posted February 7, 2018 Excellent news. The reversion to mean continues. The junk debt Nationwide must be infecting the UK economy with at this stage of the cycle is leaking out in their numbers. They'll need to fix it one way or another. The negative equity begins. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 Email to the Business Update people seems to have produced an acknowledgement of the report in their update feed. Have now asked if they are going to give it the same prominence on the front page of the website, as they did for last week's Nationwide report. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 If Halifax and Nationwide keep these indices as a way of drawing attention to themselves, you can see why they might want to put out a positive number each time. Very little MSM coverage of this negative figure, compared to Nationwide's rise last week. Here's one of the few: https://www.theguardian.com/money/2018/feb/07/uk-house-prices-fall-again-as-household-income-squeezed Quote Link to comment Share on other sites More sharing options...
darkmarket Posted February 7, 2018 Share Posted February 7, 2018 1 minute ago, rantnrave said: If Halifax and Nationwide keep these indices as a way of drawing attention to themselves, you can see why they might want to put out a positive number each time. Very little MSM coverage of this negative figure, compared to Nationwide's rise last week. Fortunately they don't control the narrative the way they once did. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 7, 2018 Share Posted February 7, 2018 A bit of coverage, links below:https://www.express.co.uk/life-style/property/915642/House-prices-UK-average-property-price-January-2018https://www.express.co.uk/life-style/property/915642/House-prices-UK-average-property-price-January-2018http://www.euronews.com/2018/02/07/uk-house-prices-fall-unexpectedly-in-january-halifax Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 Further prodding of the BBC is having some effect: http://www.bbc.co.uk/news/business-42975261 Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 The Halifax said prices fell by 0.6% in January, following December's fall of 0.8%. It is the first time since the summer of 2016 that prices have declined in two consecutive months. LOL! The first two lines based upon the points I fed them. Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted February 7, 2018 Share Posted February 7, 2018 Top stuff rantnrave Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 Prodded again to ask why its not front page news, unlike the Nationwide report last week. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 7, 2018 Share Posted February 7, 2018 2 minutes ago, rantnrave said: Prodded again to ask why its not front page news, unlike the Nationwide report last week. Appreciate the perseverance! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 4 minutes ago, warrior88 said: Appreciate the perseverance! Am sure the Nationwide 'house prices up' story became one of the top ten most-viewed items for a while. Little chance of this write-up getting a similar viewing without it being on the front page. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 7, 2018 Author Share Posted February 7, 2018 Get clicking on this link people! http://www.bbc.co.uk/news/business-42975261 Quote Link to comment Share on other sites More sharing options...
longgone Posted February 7, 2018 Share Posted February 7, 2018 14 minutes ago, rantnrave said: Get clicking on this link people! http://www.bbc.co.uk/news/business-42975261 I can afford 96% of the UK Wow I feel rich Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted February 7, 2018 Share Posted February 7, 2018 looking at the chart on their webpage, last time Halifax (the north) was going while while nationwide (the south) was falling was just before a large housing crash. Its almost a leading indicator of whats to come. But looking at the time scales we should know in a few months! Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 7, 2018 Share Posted February 7, 2018 28 minutes ago, longgone said: I can afford 96% of the UK Wow I feel rich I am at 93% , my life will never be the same again Quote Link to comment Share on other sites More sharing options...
azal777 Posted February 7, 2018 Share Posted February 7, 2018 Often the scamper by investors out of the south and into the north is a sign that the market is in its final throes. Pruces are beyond unaffordable now and any sign of recession can quickly lead to carnage. But with interest rates so low it’s really worrying how many ppl might still lose their homes in such an event. Can’t see IR ever normalising in this country again in my life time. Quote Link to comment Share on other sites More sharing options...
PalmerEldritch Posted February 7, 2018 Share Posted February 7, 2018 This makes the 3.6% in monthly rises (Jul-Nov 2017) look even more suspicious. No chance of a yoy negative until Aug 2018 judging by those numbers unless the next few months show some serious downward movement. Still, good news is always welcome. Quote Link to comment Share on other sites More sharing options...
Cosmic Apple Posted February 7, 2018 Share Posted February 7, 2018 40 minutes ago, warrior88 said: I am at 93% , my life will never be the same again Using what you COULD or what you WOULD pay? Using what I WOULD pay I can afford 50%. Using what I and my partner COULD pay its 86%. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 7, 2018 Share Posted February 7, 2018 (edited) there is no WOULD or COULD since the DEBTpushers control house prices, you will pay what they think you SHOULD edit: ever noticed how if you say/read a single word over and over it sounds/looks wrong? pick a word and try it, any word Edited February 7, 2018 by thewig Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted February 7, 2018 Share Posted February 7, 2018 Halifax also launched a current account switching reward scheme. Dovetails nicely with comments on low mortgage volumes. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 7, 2018 Share Posted February 7, 2018 54 minutes ago, Ash4781 said: Halifax also launched a current account switching reward scheme. Dovetails nicely with comments on low mortgage volumes. They don't seem to be that related - new mortgage business is lending (asset/ cash out) vs. current account which is deposits (liability/cash in) Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 7, 2018 Share Posted February 7, 2018 3 hours ago, Cosmic Apple said: Using what you COULD or what you WOULD pay? Using what I WOULD pay I can afford 50%. Using what I and my partner COULD pay its 86%. Yes fair enough - I am hoping that there is a house price correction/crash and I would like to pay the 93% rather than could pay. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.