Thursday, August 2, 2007

Halifax assure us the market is slowing

House prices rise again in July

House prices went up by 0.7% in July according to the Halifax. Halifax said that this is the fourth straight month in a row that house prices inflation (HPI) has been less than a 1% indicating the market is slowing.

Posted by denzil @ 09:45 AM (390 views)
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7 thoughts on “Halifax assure us the market is slowing

  • So, all things being equal, with a rational central bank that is cautious, sensible and mindful of the threat of inflationary pressure and soaring asset prices, we should see interest rates raised today.

    Not.

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  • 0.7% on 1 month is still far too much! That’s about 9% over a year… Come BOE, raise it to 6.25% today!

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  • planning4acrash says:

    The decision is due on the 6th at midday.

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  • The decision was today. But they didn’t do anything as usual, they just turned up chatted for a while and went for a long lunch at the UK’s expense.

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  • Everyone knew they would not rise today for the sake of keeping credibility. But there are 4 more decisions until new year, plenty of time for them to reach or even surpass 6%.

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  • Unbelievable, they used to wait until at least a day after an MPC decision to start harping on again about rising prices (after complaining before decisions) They now have it done to 2 hours after. The machine is still in full swing

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  • tyrellcorporation says:

    …plenty of time for them to massage the figures again too! I’d love to know where these guys shop cos it sure aint at my local supermarket!

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