Thursday, December 9, 2010
Analysis paralysis
Competing U.K. Indexes Keep Homebuyers Guessing on Market
The seven indexes only agreed on the direction of the market in five of the 22 months through October, according to data compiled by Bloomberg. The last time was in January, when all indicated a price rise. “The huge number of U.K. house price indices creates so much noise that the true picture rarely emerges,†Channon said in an interview. “Unfortunately, they are produced by organizations that release them with their spin.â€
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