crown Posted August 7, 2008 Share Posted August 7, 2008 (edited) Confirmed now -1.7% MoM -8.8% YoY using their quarter on Quarter figures http://thecrownblogspot.blogspot.com/2008/...-july-2008.html http://www.hbosplc.com/economy/includes/07...dexJuly2008.pdf Edited August 7, 2008 by crown Quote Link to comment Share on other sites More sharing options...
29929BlackTuesday Posted August 7, 2008 Share Posted August 7, 2008 Tense isn't it? Many polls going on but you never really know do you? MoM figures are like a box of chocolates and YoY is like a s0dding great giant bar of Dairy Milk from the petrol station. Quote Link to comment Share on other sites More sharing options...
PhoneyMcRingRing Posted August 7, 2008 Share Posted August 7, 2008 Grr! I wont see them until 6 tonight now! Quote Link to comment Share on other sites More sharing options...
benn Posted August 7, 2008 Share Posted August 7, 2008 will be here http://www.hbosplc.com/economy/HousingResearch.asp Quote Link to comment Share on other sites More sharing options...
benn Posted August 7, 2008 Share Posted August 7, 2008 (edited) duplicate post Edited August 7, 2008 by benn Quote Link to comment Share on other sites More sharing options...
crown Posted August 7, 2008 Author Share Posted August 7, 2008 forecast down 1.5% - were the YoY figures not leaked this weak? Or did I dream that! Quote Link to comment Share on other sites More sharing options...
garybug Posted August 7, 2008 Share Posted August 7, 2008 Oooh, I'm so excited I think a little bit of wee just seeped out. Quote Link to comment Share on other sites More sharing options...
crown Posted August 7, 2008 Author Share Posted August 7, 2008 out now -1.7% MoM Quote Link to comment Share on other sites More sharing options...
crown Posted August 7, 2008 Author Share Posted August 7, 2008 don't forget the YoY figure is quarter on quarter fiddled Quote Link to comment Share on other sites More sharing options...
jac Posted August 7, 2008 Share Posted August 7, 2008 it's down 10.9% YOY !!! Quote Link to comment Share on other sites More sharing options...
crown Posted August 7, 2008 Author Share Posted August 7, 2008 http://www.hbosplc.com/economy/includes/07...dexJuly2008.pdf Quote Link to comment Share on other sites More sharing options...
shitfly Posted August 7, 2008 Share Posted August 7, 2008 It's down enough to freak the sh1t out of most people... Quote Link to comment Share on other sites More sharing options...
renterbob Posted August 7, 2008 Share Posted August 7, 2008 it's down 10.9% YOY !!! You forgot to add a smiley!! Quote Link to comment Share on other sites More sharing options...
daedalus Posted August 7, 2008 Share Posted August 7, 2008 Confirmed now-1.7% MoM -8.8% YoY using their quarter on Quarter figures http://www.hbosplc.com/economy/includes/07...dexJuly2008.pdf Proper YoY analysis gives -10.9% Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted August 7, 2008 Share Posted August 7, 2008 it's down 10.9% YOY !!! Get in!!! That's twice this year's rent paid + interest (although asking price drops have been closer to 15% around here). Quote Link to comment Share on other sites More sharing options...
ollie plimsolls Posted August 7, 2008 Share Posted August 7, 2008 The UK average price is more than one-third higher (34%) than five years ago. The comparison is now up to 5 years in the report. Quote Link to comment Share on other sites More sharing options...
red Posted August 7, 2008 Share Posted August 7, 2008 Get in!!! That's twice this year's rent paid + interest (although asking price drops have been closer to 15% around here). Ditto. On course for -20% by Xmas. Denial is turning to fear & panic very rapidly... Quote Link to comment Share on other sites More sharing options...
redwing Posted August 7, 2008 Share Posted August 7, 2008 12.5% down yoy next month with just a modest fall of 1.5%. Because August 07 was the Halifax peak, it'll be harder to get the yoy falls to be a lot higher. But then anything's possible because 'it's different this time'. Quote Link to comment Share on other sites More sharing options...
grey shark Posted August 7, 2008 Share Posted August 7, 2008 http://www.hbosplc.com/economy/includes/07...dexJuly2008.pdf Check out the key facts ............ Key facts • House prices fell by 1.7% in July. This was smaller than the falls in both the previous two months – May (-2.5%) and June (-1.9%). • The UK average price is more than one-third higher (34%) than five years ago. The average price in July 2008, at £177,351, was £44,980 higher than in July 2003 when the average price was £132,371. • House prices in July were 8.8% lower on an annual basis. UK average prices have returned to the level they were at in June 2006. • The housing market is underpinned by a solid employment market and low interest rates. Quote Link to comment Share on other sites More sharing options...
benn Posted August 7, 2008 Share Posted August 7, 2008 i make proper yoy drop 11.15% - 199600 -11.15% = 177351 i.e. last 12 months, not including july 07 (which would make it 13 months.) Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted August 7, 2008 Share Posted August 7, 2008 Get in!!! That's twice this year's rent paid + interest (although asking price drops have been closer to 15% around here). More than 4 years rent for me paid by an annual -10.9%. Thank you landlord, much appreciated. VMR. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted August 7, 2008 Share Posted August 7, 2008 • The housing market is underpinned by a solid employment market and low interest rates. [/i] ******ing hell - that's some doublethink Quote Link to comment Share on other sites More sharing options...
the_gent03 Posted August 7, 2008 Share Posted August 7, 2008 12.5% down yoy next month with just a modest fall of 1.5%.Because August 07 was the Halifax peak, it'll be harder to get the yoy falls to be a lot higher. But then anything's possible because 'it's different this time'. Then the measure becomes fall from peak then surely.... Quote Link to comment Share on other sites More sharing options...
bearbullfence Posted August 7, 2008 Share Posted August 7, 2008 it's down 10.9% YOY !!! Actually, with about 4% inflation, real drop is 14.3% YoY Nominal drop from peak is 11.1% Real drop from peak is also 14.3% Quote Link to comment Share on other sites More sharing options...
crown Posted August 7, 2008 Author Share Posted August 7, 2008 http://thecrownblogspot.blogspot.com/2008/...-july-2008.html The true yearly drop is 10.8% on a seasonally adjusted basis. July 2007 average house price was £198,936 against £177,351 for July 2008. The last 12 months has seen the biggest falls ever from the Halifax. The previous biggest 12 month fall was in October 1992 of -8.5% House prices have fallen 11.15% from the peak in August 2007 11 months ago. It took from May 1989 to September 1992 for house price to fall 9.65% that is 41 months. Quote Link to comment Share on other sites More sharing options...
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