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George Mainwaring

Halifax Report 1.2% Fall In June

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There YOY % rise is wrong! Just calculated out as 8.4%. Typo.. <_<

Here is the monthly SA prices from June 05 to June 06.

162,693

163,317

166,367

168,299

168,210

170,086

171,632

171,058

173,498

175,215

178,992

178,997

176,509

Edited by FTBagain

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I noticed that this report was due out tomorrow, according to the CML Calender..

Funny how they managed to get such bad news out before the end of the BOE MPC meeting today. <_< More VI spin. Pleeaase don't put IR UP the market is sooo sensitive....

Edited by FTBagain

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House prices fell unexpectedly by 1.2% in June, according to Halifax, the UK's biggest mortgage lender.

Yeah, 'cause it's really unexpected when something that costs twice what it's worth starts to fall in price :rolleyes:

"Sound fundamentals, underpinned by a strengthening economy, high levels of employment and low interest rates, will continue to support housing demand over the second half of 2006," Martin Ellis, Halifax chief economist, said.

Which country are we talking about here? :unsure:

Edited by Bingley Bloke

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Oh yes without a doubt a case of here we go .

My well informed sources suggest a rise in interest rates very shortly both here and the USA,and just look out for UK repossessions data.

Again I remind you all

WHAT GOES UP WILL COME DOWN

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"Sound fundamentals, underpinned by a strengthening economy, high levels of employment and low interest rates, will continue to support housing demand over the second half of 2006,"

Sound fundamentals? (6+ times average salary?) stregthening economy? (err really? and which way is that heading?) high levels of employment? (err really? and which way is that heading?) low interest rates (and which way is that heading?)

I think it is too soon to call this a crash it could be we will have several months of going up a bit then going down a bit, while people work out whats really going on. I would have thought an interest rate hike would make it pretty obvious to most people though, so I feel this will be the big nail in the coffin. Sadly interest rates aren't going to go up this month which will almost certainly make things worse.

Will have to wait till the end of the day. I have my fingers crossed, my GF is yet to be convinced that renting is the right choice.

Edited by onrollover

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There YOY % rise is wrong! Just calculated out as 8.4%. Typo.. <_<

Here is the monthly SA prices from June 05 to June 06.

162,693

163,317

166,367

168,299

168,210

170,086

171,632

171,058

173,498

175,215

178,992

178,997

176,509

No its not, Halifax always use a three month rolling average.

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Looks like the BBC have taken it off their ticker now, and SKY arent even mentioning it on their business page at the moment

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I agree that it's good to see the BBC giving this some prominence.

But look more closely: out of the 12 paragraphs, only TWO paint a negative picture. The rest are given over to the "Everything's OK, there's nothing to see here..." line.

When house prices are reported to be rising, they seek the view of bulls; when house prices are reported to be falling, they seek the view of bulls.

Fair, that.

And watch as a series of super-dull news stories steadily knock house prices down the order and eventually off the front page. I give it 'til noon!

It is already bumped down to the side bar on the "UK" section, and will disappear from there before you can say: "I'll keep renting."

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Looks like the BBC have taken it off their ticker now, and SKY arent even mentioning it on their business page at the moment

they've put it on the front page

Hope it makes the 10 o'clock news, should affect sentiment nicely

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they've put it on the front page

Hope it makes the 10 o'clock news, should affect sentiment nicely

good, thought they were trying to hide it :)

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I remember looking at a chart of Halifax monthly movements vs Nationwide's. It seemed to me that the Halifax has the more volatile index and that there already seemed to be a slight divergence. I wouldn't be surprised if their next release is a swing the other way.

Ah here it is:

hbosvsnb.gif

post-3959-1152175141.gif

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  • 301 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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