baypond Posted February 5, 2009 Share Posted February 5, 2009 The January [HBOS HOUSE PRICE INDEX] is much better than expected seeing a m/m increase of 1.9%, against a consensus of a 1.6% decline, leaving the annual decline at 17.2% vs a -18.4% f.c. This represents the first m/m increase since February of last year. Halifax says it sees 'very early signs' the UK housing market may be stabilising, though the bank adds that 2009 is likely to be a difficult year for the housing market. Recall, BoE mortgage approvals also ticked up last month, as well. Link to comment Share on other sites More sharing options...
Benjamin Posted February 5, 2009 Share Posted February 5, 2009 The message is very mixed at the moment. See the link below to the Nationwide,s surveyhttp://www.nationwide.co.uk/hpi/It will be interesting to see what the RICS survey says. Link to comment Share on other sites More sharing options...
baypond Posted February 5, 2009 Author Share Posted February 5, 2009 Yep, but mixed is better than one way down a precipice! Some of the data out of US and NZ suggests that some of their data is a little more mixed, though unfortunately not on the unemployment front where everything still points to contd rapid job losses. Link to comment Share on other sites More sharing options...
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