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Latest Halifax House Price Survey Must Be Bad !

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Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

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Guest Winners and Losers

Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

Alternatively, they are standing around scratching their heads trying to figure out how they can spin it this time. :D

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Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

Yes. Heads we win. Tails they lose.

If they report -ve numbers it will change sentiment and trigger HPC.

If they report +ve numbers it will make the MPC more likely to put up interest rates and trigger HPC.

That's the precarious nature of bubbles at the top. :blink:

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Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

quality...

I do wonder sometimes what allows the boom and bust economy to keep going.. What convinces people that capatilisim makes money, when the worlds wealth is static and is merely shared around.. Moved from one place to another.. Assets gain value, but in the greater world wide economy a country can only gain wealth by exporting goods or services to import cash.. But then the complexity of exchange rates come in and a countries percieved wealth can change from outside pressure.. When you step back from it all and look into how economics work you see that boom and bust has always been there....

But what keeps people believing that "This time it's different"?

Short memories and they get carried away.

The secret of investment is knowing when to buy, the way to win in any investment is knowing when to sell.

There is no new shortage of property and no new extra wealth in the country, So if houses were sustainable at this level (proportionate to salary at current purchase costs) they would already have been at this level.

That they weren't ticks all the boxes..

So, I hate to say it but your post's don't worry me..

Merely they explain why people can make money out of speculative markets and quite simply its people like you who don't understand the market and supply the money...

Its not a glib statement to keep refering to "Boom and Bust" or "Bubbles bursting" its really just the economic tool that keeps money moving.. in this case money moving from you to the person you bought the property of.

You havent bought into a booming property market.. What you really have bought into is a booming credit market..

They wanted you to buy lots of long term credit...

But do you know why??

Low inflation is worth more to them then high interst rates...

Look towards Mervin Kings speaches on the matter, not his press soundbites.. his speaches..

Thats what I did..

Thats why I don't own a home right now, either as an investor or as a home owner..

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Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

Are you basing this suggestion on this part of the F.T. article?:

This year appears likely to see a “
marked reduction
” in house price growth across Europe, the UK’s Royal Institution of Chartered Surveyors reported. Second homes around the Mediterranean, many bought by northern Europeans, “have the highest risk of price falls
”.

http://news.ft.com/cms/s/9e303786-ae0c-11d...20abe49a01.html

This seems to have a slightly more bearish than bullish tone, IMHO??

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Guest Riser

An article in yesterdays FT.com promised

Log on to www.ft.com/uk for the FT’s take on the UK’s Halifax house price index for February on Wednesday morning.

Yet no sign of it this morning, we often get some "expected news" before the release.

So much for that idea then, bring in the interes rate rises :lol::lol:

House prices jump 1.4 pct m/m in Feb-Halifax

House prices jump 1.4 pct m/m in Feb-Halifax

08/03/2006 08:09

LONDON (Reuters) - House prices jumped by 1.4 percent on the month in February, giving a three-month annual rate of increase of 5.5 percent, HBOS Plc said in its Halifax house price survey on Wednesday.

That followed a monthly decline of 0.4 percent and annual inflation of 5.1 percent originally reported for January.

The nation’s largest mortgage lender said the average price of a home was a seasonally-adjusted 173,498 pounds in February.

For those that wish to look behind the spin consider this:

McCarthy & Stone H1 sales down 5 pct at 753 units

McCarthy & Stone H1 sales down 5 pct at 753 units

LONDON (AFX) - McCarthy & Stone PLC, a private retirement housing developer,

said its sold 753 units in the six months to end February, down 5 pct from the

year-earlier period, although the average selling price was up 3 pct at 170,900

stg.

It said it started the year with the relatively low level of 255

reservations, down from 440, but over the period recorded an increase in net

reservations compared with the same period last year.

It is carrying forward 493 reservations, up from 403 in the year-earlier

period.

"Whilst the level of completions for the period is slightly lower than the

comparable period the group is carrying forward a higher level of business than

six months ago into the second-half," the company said in a trading statement

ahead of its interim results on April 25.

However the sales performance has been boosted by sales allowances and

incentives which will impact margins, it warned.

"Whilst trading conditions have improved since mid-January it is too early

to assess how the market will develop over the full financial year," it said.

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Yep, it'll be really bad from the bears point of view !

It will showing prices rising strongly - far stronger than what just about everyone would have thought. So strong in fact that the Halifax are having to check their numbers to make sure they have got it right.

They are probably trying to find a way to revise down the number, lest the MPC have an epi-fit and decide to put up rates.

:lol:

Looks like I was spot on with the figure being far stronger than expected. The thing is, that it is just so predictable - activity in the housing market is ticking over nicely at the moment.

Given that its still like this at the moment, I can pretty definitely say it will be in the range 0.5-1% next month as well.

I just can't see how anyone sane or rational looking at the economic and housing specific indicators can come to a conclusion that the market is crashing. It just isn't, its ticking along nicely, in fact better than what most people were expecting.

As it appears that there are very few people on here that could forecast rain in a monsoon, let a lone house prices, then perhaps I'll do the honourable thing and tell you when the crash is about to start, so you don't waste your energy getting excited beforehand !

:lol:

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Looks like I was spot on with the figure being far stronger than expected. The thing is, that it is just so predictable - activity in the housing market is ticking over nicely at the moment.

Given that its still like this at the moment, I can pretty definitely say it will be in the range 0.5-1% next month as well.

I just can't see how anyone sane or rational looking at the economic and housing specific indicators can come to a conclusion that the market is crashing. It just isn't, its ticking along nicely, in fact better than what most people were expecting.

As it appears that there are very few people on here that could forecast rain in a monsoon, let a lone house prices, then perhaps I'll do the honourable thing and tell you when the crash is about to start, so you don't waste your energy getting excited beforehand !

:lol:

There was a guy on here called zorn who had an uncanny predictive knowlegde of the rightmove figures before they were published ;) .

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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