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Halifax Hpi For August


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Never thought I'd say this but:

I don't care when the figures come out. I don't care what they say.

The entire media world (Daily Express aside) is taking a catastrophic HPC as given.

35% from peak is openly discussed.

Our work here is done. I might have to find a new way to waste time for the next couple of years until I'm looking to buy.

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This is how I'm feeling - we were right, we're being proven right, & we're only going to get "righter" :rolleyes:

I've been on here since I put the house on the market in March.

In that time the market has changed massively, buyers confidence has all but disappeared, lenders arent lending unless youve got a suitcase full of cash as a deposit and the meeja are chock full of crash related stories. Seems that the media now prefer to talk up a housing crash as it makes a good story.

Good thing is I'm now out of the housing market as I've sold last month and moving into a rented place next week.

Goodness only knows what it will be like in 12 months or :blink: 2 years.

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the calendar is nice

Certainly is, Halifax HPI forecasts not much to shout home about.

History

Release Date Actual Forecast Previous

Aug 7, 2008 -1.7% -1.5% -2.0%

Jul 10, 2008 -2.0% -1.0% -2.5% Revised From -2.4%

Jun 5, 2008 -2.4% -1.1% - 1.5%Revised From -1.3%

May 2, 2008 -1.3% -0.6% -2.5%

Apr 8, 2008 -2.5% -0.3% -0.4%Revised From -0.3%

Mar 6, 2008 -0.3% -0.2% 0.0%

Edited by OnlyMe
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This is how I'm feeling - we were right, we're being proven right, & we're only going to get "righter" :rolleyes:

Hail the righteous!! ;)

Yes it seems as though the entire nation has jumped on the crash wagon. How dull!

What are we to do now, us contrarion "righties".

My guess; Thursday HPI -1.8.

Oh it's not a take a guess post...........but heh who cares

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Certainly is, Halifax HPI forecasts not much to shout home about.

History

Release Date Actual Forecast Previous

Aug 7, 2008 -1.7% -1.5% -2.0%

Jul 10, 2008 -2.0% -1.0% -2.5% Revised From -2.4%

Jun 5, 2008 -2.4% -1.1% - 1.5%Revised From -1.3%

May 2, 2008 -1.3% -0.6% -2.5%

Apr 8, 2008 -2.5% -0.3% -0.4%Revised From -0.3%

Mar 6, 2008 -0.3% -0.2% 0.0%

Nice to see their forcecasts as completely useless, seem to average around half of the real figures. Funny really when the mortgage approvals gives such an accurate forecast up to 6 months ahead using Halifax data.

VMR.

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