Rat and Mouse
Thu
04
Nov
Market report - shock HBOS figures

Halifax are claiming a 1.8% rise in house prices during what most people agreed was a dreary October. A few days ago, Nationwide's October survey showed a fall of 0.7%. I'd argue that apparently volatile indices and disagreements between measures can be read as a sign of a market on the turn (we've seen this before). The (much more meaningful) three-month average measure by HBOS is down 1.2%. Month-on-month, the annual change is a rise of 1.2%. If you fancy by-passing the press and going straight to the Halifax page they're getting their own information from, click this.

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