Tuesday, February 5, 2008

Halifax is far too optimistic on the housing market

Halifax is far too optimistic on the housing market

The latest data from the Halifax show falling house prices and mortgage approvals. So why this lender sticking to its forecast for 0% growth in 2008?

Posted by mary @ 05:44 PM (1222 views)
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7 thoughts on “Halifax is far too optimistic on the housing market

  • Maybe their interpretation is as follows :

    1% increase is 1% growth
    0% increase is 0% growth
    20% decrease is still 0% growth.

    OMG, looks like I am a statistician – is there no hope for me.

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  • Shouldn’t the Halifax Q407 change for Greater London read NEGATIVE 6.3 % on the home page table, instead of +6.3%, as it currenlty is ?

    This is the largest drop across thge UK & clearly shows London is VERY over-priced and ripe for much bigger falls through 08.

    I do hope they turn some of the soon-to-be-empty Poxtons shops into youth clubs, to restore some social justice.

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  • Perhaps their public optimism is a sign of their exposure, are there skeletons jangling in the Halifax’s loan cupboard?

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  • Cheekie Charlie says:

    Great ! Looks like I’m going to have to shift my savings somewhere else again. Lets see, on the the best buy tables we have Northern Rock, A&L, B&B, a couple of Icelandic banks, First Save (A Nigerian Bank), a few Irish banks, an Indian Bank, and a load more I’ve never heard of.

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  • nopensionnohouse says:

    @Cheekie Charlie

    Lol. Very good!

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  • Now I’m happy. When did the beautiful change since peak collumn get added to the homepage? All that red.

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  • cheeky charlie. HSBC do 5.75% if you don’t make wirthdrawls. there is a penalty for the month you do. thats not bad imo. apparently they are quite safe according to that money week article recently.

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