Date: Thu, 15 Sep 2005 00:22:11 +0100
From: GSV Three Minds in a Can 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Its official UK house prices are on the slide - Trevor MacDonald says so

Bitstring <1126731368.554728.235110@g43g2000cwa.googlegroups.com>, from 
the wonderful person Crowley  said
>
>GSV Three Minds in a Can wrote:
>>...... all the evidence is that house prices are going about
>> sideways .........
>
>The YOY figure on most indices (Halifax, N/wide, etc) was showing a
>rise of around 20% or more a year ago. YOY now is down to +2% or
>thereabouts (and about -3.5% acccording to Hometrack) so prices have
>been falling for months and YOY only remains in positive territory
>because it includes rises from a year ago. When those rises drop out in
>the next 3 or 4 months the YOY figure will go negative.

http://www.hbosplc.com/economy/includes/HousePriceIndexAug2005.pdf

Or let me help you, since comprehension seems in short supply around 
here ..

quote:

0 July. This was the biggest monthly gain since September 2004. Prices 
have increased by only 2.1% in the first eight months of this year 
compared with a 12.5% rise in the same period of 2004.

0 significant downward trend in underlying house price inflation over the 
past year from an annual rate of 21.3% in August 2004.

...

Note - in the last 12 months they are up only 2.5% (which I count as 
sideways, given the error bars). However up 2.5% is NOT, repeat NOT 
'down' and they haven't been 'falling for months' if they are up 2.1 % 
since the start of the year.

-- 
GSV   Three Minds in a Can
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