Trump Invective Posted June 6, 2019 Share Posted June 6, 2019 (edited) The index recently identified as being "most bonkers" is back on Friday 7th June for another attempt to rescue its shattered "reputation". The experts in the know on the inside predict -0.2% Edited June 6, 2019 by Trump Invective Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 6, 2019 Share Posted June 6, 2019 Down 3% Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted June 6, 2019 Share Posted June 6, 2019 May I take this opportunity to say how nice the Halifax is, how nice their employees are, and they help old ladies cross the road. They are not a V.I., and have never been. It will be a “positive” number. Quote Link to comment Share on other sites More sharing options...
thewig Posted June 6, 2019 Share Posted June 6, 2019 Mortgage DEBTpusher says... Quote Link to comment Share on other sites More sharing options...
Pebbles Posted June 6, 2019 Share Posted June 6, 2019 Not a credible index month on month it's too volatile. Anything that rules out cash buyers and so much of the mortgage market should be sent straight to the shredder. Quote Link to comment Share on other sites More sharing options...
Henrik Posted June 7, 2019 Share Posted June 7, 2019 Nothing yet - might be late again this month? Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted June 7, 2019 Author Share Posted June 7, 2019 8 30 apparently Quote Link to comment Share on other sites More sharing options...
user not found Posted June 7, 2019 Share Posted June 7, 2019 Plus 0.5 Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted June 7, 2019 Author Share Posted June 7, 2019 To the moon!!! Quote Link to comment Share on other sites More sharing options...
stop_the_craziness Posted June 7, 2019 Share Posted June 7, 2019 The only way is up! Baby! Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 7, 2019 Share Posted June 7, 2019 (edited) 41 minutes ago, Sausage said: Plus 0.5 Per month. Schucks. Edited June 7, 2019 by Si1 Quote Link to comment Share on other sites More sharing options...
pizza Posted June 7, 2019 Share Posted June 7, 2019 https://static.halifax.co.uk/assets/pdf/mortgages/pdf/May-2019-House-Price-Index.pdf Quote Link to comment Share on other sites More sharing options...
pizza Posted June 7, 2019 Share Posted June 7, 2019 But what credibility is there for any index that reports an average house price of £230,400 in December, £223,700 in January, then £236,700 in February? Quote Link to comment Share on other sites More sharing options...
stop_the_craziness Posted June 7, 2019 Share Posted June 7, 2019 That crazy 6% nonsense is also going to take while to flush out of the quarterly/yearly statistics too, so they are now cobblers. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted June 7, 2019 Share Posted June 7, 2019 Cobblers is polite. It makes Rightmove look accurate. Quote Link to comment Share on other sites More sharing options...
TopBanana101 Posted June 7, 2019 Share Posted June 7, 2019 Does anyone know exactly what metrics this index is based on? Aware it is mortgages, but does it include remortgages or just new purchases? I'm struggling to find their actual lending ratios, i.e. I'd like to see a breakdown of BTL purchases/BTL remortgages/Owner Occupier Purchase/remortgage. Quote Link to comment Share on other sites More sharing options...
Henrik Posted June 7, 2019 Share Posted June 7, 2019 1 hour ago, TopBanana101 said: Does anyone know exactly what metrics this index is based on? Aware it is mortgages, but does it include remortgages or just new purchases? I'm struggling to find their actual lending ratios, i.e. I'd like to see a breakdown of BTL purchases/BTL remortgages/Owner Occupier Purchase/remortgage. Same! I don't think they're outright lying, but I would be very interested in knowing what the mix of properties is, and how the weights between e.g north / south / London have changed over time. For example, if a year ago, they were mainly lending up north, but have started lending more in the south, presumably the average would go up just from this, unless it's corrected for. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 7, 2019 Share Posted June 7, 2019 (edited) 5.2% says the BBC, but they did point out that the other indexes show a flat housing market. Edited June 7, 2019 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
Riedquat Posted June 7, 2019 Share Posted June 7, 2019 To infinity and beyond! Quote Link to comment Share on other sites More sharing options...
Pebbles Posted June 7, 2019 Share Posted June 7, 2019 1 hour ago, TopBanana101 said: Does anyone know exactly what metrics this index is based on? Aware it is mortgages, but does it include remortgages or just new purchases? I'm struggling to find their actual lending ratios, i.e. I'd like to see a breakdown of BTL purchases/BTL remortgages/Owner Occupier Purchase/remortgage. from what I understand it is from mortgages for new properties on their book. Therefor is a skewed by where they lend, excludes cash buyers which make up a huge proportion of the market and indeed i think Halifax (although Britain's biggest mortgage lender) still lend a minority of mortgages. The only accurate index is the land registry although it has a bit of a lag. All others are just conjecture. Quote Link to comment Share on other sites More sharing options...
TopBanana101 Posted June 7, 2019 Share Posted June 7, 2019 46 minutes ago, Henrik said: Same! I don't think they're outright lying, but I would be very interested in knowing what the mix of properties is, and how the weights between e.g north / south / London have changed over time. For example, if a year ago, they were mainly lending up north, but have started lending more in the south, presumably the average would go up just from this, unless it's corrected for. I'd really like to see the algorithm. But a wise man told me as an apprentice to never put down anything maliciousness which can equally be explained by incompetence. It's quite dangerous comparing averages when you don't know what they are averages of! Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 7, 2019 Share Posted June 7, 2019 4 minutes ago, TopBanana101 said: I'd really like to see the algorithm. But a wise man told me as an apprentice to never put down anything maliciousness which can equally be explained by incompetence. It's quite dangerous comparing averages when you don't know what they are averages of! HANLON’S RAZOR: Never attribute to malice that which is adequately explained by stupidity. Incidentally, Hanlon was a computer programmer.... Quote Link to comment Share on other sites More sharing options...
scottbeard Posted June 7, 2019 Share Posted June 7, 2019 8 minutes ago, TopBanana101 said: I'd really like to see the algorithm. But a wise man told me as an apprentice to never put down anything maliciousness which can equally be explained by incompetence. It's quite dangerous comparing averages when you don't know what they are averages of! Absolutely - and I wish more people on this website took that to heart! So many conspiracy theories - so little recognition that the elite are carried along on the tide like the rest of us, with the results of their actions far more down to error and luck than design. Quote Link to comment Share on other sites More sharing options...
Henrik Posted June 7, 2019 Share Posted June 7, 2019 50 minutes ago, scottbeard said: Absolutely - and I wish more people on this website took that to heart! So many conspiracy theories - so little recognition that the elite are carried along on the tide like the rest of us, with the results of their actions far more down to error and luck than design. Crazy talk, are you sure you're not a VI Troll? Quote Link to comment Share on other sites More sharing options...
scottbeard Posted June 7, 2019 Share Posted June 7, 2019 2 minutes ago, Henrik said: Crazy talk, are you sure you're not a VI Troll? Lol! Over the years I've been accused on this board of being a property professional, a BBC journalist and a teacher - mainly because whenever I stick up for anyone that the "groupthink" doesn't like they immediately jump to thinking I must be one of them. I guess on that basis I will shortly be accused of being part of the "elite" Quote Link to comment Share on other sites More sharing options...
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