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Dclg Data Out For August

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The mix adjusted figures (Table A2) are pointless:

1) not seasonally adjusted

2) the weights used for mix-adjustment change at the start of each calendar year (in January). The mix-adjusted prices are therefore not comparable between calendar years

The headline Table A1 figures are not seasonally adjusted, so useless for anything other than year-on-year comparisons. And since they are not mix adjusted even that is not a proper like-for-like comparison.

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The mix adjusted figures (Table A2) are pointless:

1) not seasonally adjusted

2) the weights used for mix-adjustment change at the start of each calendar year (in January). The mix-adjusted prices are therefore not comparable between calendar years

The headline Table A1 figures are not seasonally adjusted, so useless for anything other than year-on-year comparisons. And since they are not mix adjusted even that is not a proper like-for-like comparison.

IMO, too much salt to the mix, not enough pepper and way too much garlic seasoning.

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Guest The_Oldie
The mix adjusted figures (Table A2) are pointless:

1) not seasonally adjusted

2) the weights used for mix-adjustment change at the start of each calendar year (in January). The mix-adjusted prices are therefore not comparable between calendar years

The headline Table A1 figures are not seasonally adjusted, so useless for anything other than year-on-year comparisons. And since they are not mix adjusted even that is not a proper like-for-like comparison.

Are the HBOS figures any more accurate?

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http://news.bbc.co.uk/1/hi/business/7044601.stm

BBC covering it - and the final paragraph:

"With fewer home-buyers taking out new mortgages, it seems likely that house prices will come down further during the rest of the year as the number of sales declines."

I will repeat that while you all pick yourselves up. The Beeb says HOUSE PRICES WILL COME DOWN FURTHER.

;)

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Are the HBOS figures any more accurate?

The HBOS figures are "standardised" using a set of complex algorithms. So make of them what you will.

The DCLG figures are pointless and produced at taxpayers expense.

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http://uk.biz.yahoo.com/15102007/323/uk-au...s-11-4-pct.html

Monday October 15, 10:13 AM
UK Aug annual house price inflation eases to 11.4 pct vs 12.4 pct in July - govt
LONDON (Thomson Financial) - House price inflation in the UK eased back in August, just before the eruption of the crisis in financial markets, government figures showed today.
The Department for Communities and Local Government revealed that the annual
rate of house price inflation in August fell
back to 11.4 pct from 12.4 pct in July, which was the highest rate in two years.
As usual, house price inflation was highest in London, at 17.4 pct, down from 19.1 pct in the previous month.
The UK annual house price inflation rate for the three months to August was 12.0 pct and 18.0 pct in London.
:blink:
The average house price now stands at 219,528 stg, up from 218,479 in July, the figures showed.
The government data lag other surveys from industry groups like lenders Nationwide and Halifax, which have indicated the market has begun to slow in recent months
.

Its much better than the VIs care to admit.

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Guest The_Oldie
The HBOS figures are "standardised" using a set of complex algorithms. So make of them what you will.

Interesting, you don't happen to know anyone that works there do you?

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