Comments on: House prices in the U.K. up for first time since Oct 2007 http://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html a finance news and opinion site Sun, 21 Mar 2010 18:21:48 +0000 hourly 1 By: Edward Harrisonhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4671 Edward Harrison Sun, 05 Apr 2009 13:46:21 +0000 http://www.creditwritedowns.com/?p=7754#comment-4671 Mark, these are sales. But, this does look to be a monthly blip because prices are still way too high, especially for first time home buyers. You probably saw the Halifax showed prices dropping.By the way, Lord Mandelson was recently in the news saying that Britain was not averse to taking on IMF funds. That is testament to the seriousness of the problem in the U.K. I think. Mark, these are sales. But, this does look to be a monthly blip because prices are still way too high, especially for first time home buyers. You probably saw the Halifax showed prices dropping.

By the way, Lord Mandelson was recently in the news saying that Britain was not averse to taking on IMF funds. That is testament to the seriousness of the problem in the U.K. I think.

]]> By: Mark Fowlerhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4668 Mark Fowler Sun, 05 Apr 2009 07:36:26 +0000 http://www.creditwritedowns.com/?p=7754#comment-4668 Is this an increase in asking prices or prices achieved. Few people move at Christmas or in the winter, the spring always sees an increase in activity.All who are about to buy we salute you! Is this an increase in asking prices or prices achieved. Few people move at Christmas or in the winter, the spring always sees an increase in activity.

All who are about to buy we salute you!

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4634 Edward Harrison Fri, 03 Apr 2009 13:08:21 +0000 http://www.creditwritedowns.com/?p=7754#comment-4634 Bruce,I am highly skeptical about any price increases being more than temporary. It would be nice to see a slowing here, but rather unexpected. And you should note that Fionnuala Earley at Nationwide has always been unrealistically upbeat about spinning what the numbers mean. Her analysis this month was more guarded than it has been.I reckon we will see a reversal of these numbers going forward.Ed Bruce,

I am highly skeptical about any price increases being more than temporary. It would be nice to see a slowing here, but rather unexpected. And you should note that Fionnuala Earley at Nationwide has always been unrealistically upbeat about spinning what the numbers mean. Her analysis this month was more guarded than it has been.

I reckon we will see a reversal of these numbers going forward.

Ed

]]> By: Bruce Robertsonhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4633 Bruce Robertson Fri, 03 Apr 2009 13:03:36 +0000 http://www.creditwritedowns.com/?p=7754#comment-4633 PS: That didn't last long! Halifax says house price inflation is <b>minus</b> 1.9% for the same month.<a href="http://www.lloydsbankinggroup.com//media/pdfs/halifax/03_04_09HousePriceIndexMarch.pdf" rel="nofollow">LINK</a> PS: That didn’t last long! Halifax says house price inflation is minus 1.9% for the same month.

LINK

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4621 Edward Harrison Thu, 02 Apr 2009 18:41:49 +0000 http://www.creditwritedowns.com/?p=7754#comment-4621 Bruce, it is good news only because a slower decline in house prices right now will give banks and consumers in the U.K. a better chance of avoiding a deflationary spiral. Bruce, it is good news only because a slower decline in house prices right now will give banks and consumers in the U.K. a better chance of avoiding a deflationary spiral.

]]> By: Bruce Robertsonhttp://www.creditwritedowns.com/2009/04/house-prices-in-the-uk-up-for-first-time-since-oct-2007.html#comment-4620 Bruce Robertson Thu, 02 Apr 2009 18:39:16 +0000 http://www.creditwritedowns.com/?p=7754#comment-4620 Why is a rise in any price good news? Anyway, it's a mere blip on the way down from absurdly over-inflated levels. Remember HBoS reported a similar blip in January only for their index to continue its inexorable and long-overdue decline to reasonable levels. Why is a rise in any price good news? Anyway, it’s a mere blip on the way down from absurdly over-inflated levels. Remember HBoS reported a similar blip in January only for their index to continue its inexorable and long-overdue decline to reasonable levels.

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