Monday, April 28, 2008
Prices down 5% over last six months!?
If we take the midpoint of the Nationwide and Halifax indices as at September 2007, HPI was running at 10%-ish. If both indices are now flat y-on-y, this suggests to me that in the six months March - Sept 2007 prices went up 5%, and in the most recent six months they'd gone down 5%. The HPC seems to be getting off to a cracking start!