Saturday, April 4, 2009
Conspiracy theory ? Whose turn to post the BS ?
Different data from Nationwide and Halifax this week have been part of a confused picture of the status of the housing market. While Nationwide prompted hopes that the bottom of the market may be in sight when it reported a surprise rise in house prices this week, Halifax data to be released on Saturday shows house prices are still falling. In March its index decreased by 1.9 percent. The disparity in the respective data is mirrored by the differing opinion reported by estate agents, with some noting a sharp increase in buyer interest and a higher volume of sales, while others are being more cautious.