Thursday, August 7, 2008

Looking at the real data, not Halifax “spin”

House prices 'see first double-digit fall'

House prices fell by almost 11% in the 12 months to July, Halifax said today - thought to be the first double-digit drop since the lender began publishing a monthly survey in the mid-1980s. The 10.9% drop revealed by comparing the seasonally adjusted average price in July 2007 with that in the same month this year is bigger than the 8.8% year-on-year fall quoted by the lender.

Posted by niclab2001 @ 05:44 PM (364 views)
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