The Halifax index is at January 2006 levels, and posts the eighth consecutive monthly fall (in the 1990s slump, the run ended after seven months). The September fall was 1.3%, leaving the three-month on three-month annual rate down 12.4%. Interestingly, much of the media offers a 13.4% figure as an alternative annual decline, derived from a straight September-to-September comparison, despite having their knuckles wrapped for this last month. For HBOS's actual release, in PDF format, click this.

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