Thursday, Sep 07, 2006

House prices on the up

Guardian: House prices rise again

House prices rose by 1% in August, figures showed today, suggesting last month's interest rate rise had little impact on homebuyers.

Posted by bufferbear @ 11:57 AM (528 views)
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4 Comments

1. Thesqueeze said...

"Halifax said the market was underpinned by a strong economy and high employment and activity"

No Halifax, unemployment is at its highest for 8 years. There are lies, damned lies, statistics, and Halifax statistics....

Thursday, September 7, 2006 12:19PM Report Comment
 

2. Scallywag said...

The Bigger the BUBBLE The more crap on the face when it bursts.

Thursday, September 7, 2006 04:21PM Report Comment
 

3. Ttimgg said...

I recently read an article about the US market which pointed out an interesting mathematical curiosity. It is possible for average selling price to rise even though the price of every individual house falls.

Impossible? No. The trick is to realise that average price depends on distribution as well as absolute values. If relatively fewer cheaper houses are sold, and relatively more high-end houses, the average selling price will increase, even if actual prices do not change at all - or even go down.

Is that happening here?

Thursday, September 7, 2006 09:27PM Report Comment
 

4. indiablue19 said...

The interest rise may not be affecting house sales -- nor is it affecting interest rates for savers. I haven't noticed interest on our foolishly named "Bonus Saver" fund [bonuses for whom one wonders] twitch upward even a hundredth of a point. On the other hand, credit card rates move ever skyward.

Friday, September 8, 2006 09:06AM Report Comment
 

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