Thursday, July 5, 2012
June 2012 (seasonally adjusted)
Halifax House Price Index
Annual change -0.5% Quarterly change -0.3% Monthly change +1.0% Average Price £162,417
Posted by dill @ 09:00 AM (1685 views)
4 thoughts on “June 2012 (seasonally adjusted)”
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sibley's b'stard child says:
Past midday and no comments on this unreliable report. Summer holidays or collective ennui; who knows.
mark wadsworth says:
Their figures are nowhere near as reliable as the recent Nationwide ones 🙂
crash bandicoot says:
Commenting, Martin Ellis, housing economist, said: “I’m not sure that I can keep up this charade” “If we park enough bad data off sheet and use complex statistical manipulation then we can make these things read anything that we want”. “By the way that was off the record what I really meant was that house prices are increasingly difficult to forecast as some keep getting sold and new ones arrive on the market nearly every week now”.
@1 I can’t blog at work anymore, apparently it undermines my productivity and is an abuse of corporate resources. Fortunately I can be just as unproductive by staring out of the window.
dohousescrashinthewoods says:
I’ve done a bit of a napkin sketch (haven’t double-checked the maths):
Average prices peaked about 199,000
Add 4% compound inflation for 4 years: 232,800 (ish)
Current average 162,417
232K->162K is about a 30% drop
Or, to put it on the same scale as price rises, that’s the “reverse” of a 43% rise.