George Mainwaring Posted July 6, 2006 Share Posted July 6, 2006 Quote Link to comment Share on other sites More sharing options...
goodgamegoodgame Posted July 6, 2006 Share Posted July 6, 2006 it's started Quote Link to comment Share on other sites More sharing options...
George Mainwaring Posted July 6, 2006 Author Share Posted July 6, 2006 It'll take a lot more than one months results. Still waiting to see if its a typo TBH. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 6, 2006 Share Posted July 6, 2006 Big news on the inflation front also: http://news.independent.co.uk/business/new...icle1160995.ece IMO, Gordon will not be able to hang on to his basket of deflating goods much longer. It could be a double whammy: HPC coinciding with IR hikes. The perfect storm. Quote Link to comment Share on other sites More sharing options...
soldup Posted July 6, 2006 Share Posted July 6, 2006 http://www.hbosplc.com/economy/includes/Ho...dexJune2006.pdf ...here we go Quote Link to comment Share on other sites More sharing options...
George Mainwaring Posted July 6, 2006 Author Share Posted July 6, 2006 (edited) Not a typo UK house prices go into reverse Edited July 6, 2006 by George Mainwaring Quote Link to comment Share on other sites More sharing options...
FTBagain Posted July 6, 2006 Share Posted July 6, 2006 (edited) 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 July 6, 2006 by FTBagain Quote Link to comment Share on other sites More sharing options...
goodgamegoodgame Posted July 6, 2006 Share Posted July 6, 2006 Nice.. they've got it as BREAKING NEWS! as well Quote Link to comment Share on other sites More sharing options...
coolaftershave Posted July 6, 2006 Share Posted July 6, 2006 A big I TOLD YOU SO email is now on its way to a few people. CAS xxx Quote Link to comment Share on other sites More sharing options...
FTBagain Posted July 6, 2006 Share Posted July 6, 2006 (edited) 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 July 6, 2006 by FTBagain Quote Link to comment Share on other sites More sharing options...
Twig Vase Posted July 6, 2006 Share Posted July 6, 2006 Could the drop be anything to do with the world cup effect? Quote Link to comment Share on other sites More sharing options...
Bingley Bloke Posted July 6, 2006 Share Posted July 6, 2006 (edited) 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 "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? Edited July 6, 2006 by Bingley Bloke Quote Link to comment Share on other sites More sharing options...
Roman Abramovitch Posted July 6, 2006 Share Posted July 6, 2006 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 Quote Link to comment Share on other sites More sharing options...
George Mainwaring Posted July 6, 2006 Author Share Posted July 6, 2006 Have Halifix reported a fall at all yet? (Actually "Halifix" was a genuine typo but I kind of like it :lol) A guess the expression now is "Spin on this" - I'm sure they will Quote Link to comment Share on other sites More sharing options...
onrollover Posted July 6, 2006 Share Posted July 6, 2006 (edited) "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 July 6, 2006 by onrollover Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted July 6, 2006 Share Posted July 6, 2006 Just in time, before the BoE make an interest rate decision. Nice timing!! Quote Link to comment Share on other sites More sharing options...
kingofnowhere Posted July 6, 2006 Share Posted July 6, 2006 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. Quote Link to comment Share on other sites More sharing options...
George Mainwaring Posted July 6, 2006 Author Share Posted July 6, 2006 No its not, Halifax always use a three month rolling average. Well that should make for some interesting headline numbers on the way down! Quote Link to comment Share on other sites More sharing options...
rainbow Posted July 6, 2006 Share Posted July 6, 2006 Daily Express have had to pull tomorrows front page, (HOUSE PRICES BOOMING!), desperately seeking another Lady Di story. Quote Link to comment Share on other sites More sharing options...
BoredTrainBuilder Posted July 6, 2006 Share Posted July 6, 2006 The perfect storm. The perfect cliche. Quote Link to comment Share on other sites More sharing options...
boo Posted July 6, 2006 Share Posted July 6, 2006 Looks like the BBC have taken it off their ticker now, and SKY arent even mentioning it on their business page at the moment Quote Link to comment Share on other sites More sharing options...
Confiteor Posted July 6, 2006 Share Posted July 6, 2006 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." Quote Link to comment Share on other sites More sharing options...
goodgamegoodgame Posted July 6, 2006 Share Posted July 6, 2006 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 Quote Link to comment Share on other sites More sharing options...
boo Posted July 6, 2006 Share Posted July 6, 2006 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 Quote Link to comment Share on other sites More sharing options...
Sisyphus Posted July 6, 2006 Share Posted July 6, 2006 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: Quote Link to comment Share on other sites More sharing options...
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