tisha
When will British house prices rise again?
Settled as First Quarter as the January reports showed that prices had risen.
"House prices rose by 1.9% during January - ending 10 consecutive months of price falls, Britain's biggest mortgage lender said."
The increase more than offset December's 1.6% drop and left the average home costing £163,966, according to Halifax.
http://uk.news.yahoo.com/fc/house-prices.html
Background:
House prices reached an all-time high in October 2007, with the typical home selling for £186,044; that has slumped to £158,872. Many households have seen more money lost on their home than they managed to earn from their jobs over the past 12 months. House prices are falling at an annual rate of 14.6 per cent, up from 12.4 per cent in September; values fell by 1.4 per cent in October alone, or about £95 a day.
Few are surprised by the decline. This week, the Bank of England reported that the number of new mortgage approvals continues to run at about 70 per cent below last year's levels. The credit crunch is restricting the supply of new mortgages, although there has been some easing in the money markets lately, which should feed through to mortgage offers.
A year into the crunch, £30,000 wiped off average house price - this article has a nifty forecast graph you can also check out.
Settlement details:As reported by a major mainstream news source.
| Before 2009 |
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| First quarter, 2009 |
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| Second quarter, 2009 |
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| Third quarter, 2009 |
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| Fourth quarter, 2009 |
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| First quarter, 2010 |
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| Not by end of first quarter, 2010 |
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- Activity: H$13,181 |
- Predictions: 74 |
Comments: 6
Suspend date: Wed 30th Jun 2010 3:59pm PST (31 weeks to go)
Settlement date: Mon 9th Feb 7:33pm PST
Initial likelihoods: Before 2009: 5%, First quarter, 2009: 15%, Second quarter, 2009: 15%, Third quarter, 2009: 15%, Fourth quarter, 2009: 15%, First quarter, 2010: 15%, Not by end of first quarter, 2010: 20%
Action history:
predicta
: Prices risen in January.
http://uk.news.yahoo.com/18/20090205/tuk-house-prices-climb-unexpectedly-in-j-a7ad41d_1.html
the_sp00n
: House prices rose in january- see comments for details 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Settled as First Quarter as the January reports showed that prices had risen.
"House prices rose by 1.9% during January - ending 10 consecutive months of price falls, Britain's biggest mortgage lender said."
The increase more than offset December's 1.6% drop and left the average home costing £163,966, according to Halifax.
http://uk.news.yahoo.com/fc/house-prices.html
Suspend date: Wed 30th Jun 2010 3:59pm PST (31 weeks to go)
Settlement date: Mon 9th Feb 7:33pm PST details 
Get widget!Predictions (74)
cheese
predicted Not by end of first quarter, 2010 (H$50 at 8%)
oppugner
oocares
predicted First quarter, 2009 (H$100 at 16%)Comments (6)
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The average British home has seen almost £30,000 wiped from its value since the market peaked this time last year, according to a survey from the Nationwide Building Society.
http://www.independent.co.uk/news/business/news/a-year-into-the-crunch-16330000-wiped-off-average-house-price-980247.html
I would presume the creator intend that reports from that source to be used in settlement.
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House prices rose by 1.9% during January - ending 10 consecutive months of price falls, Britain's biggest mortgage lender said. Skip related content
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The increase more than offset December's 1.6% drop and left the average home costing £163,966, according to Halifax.
The group stressed that it was important not to place too much emphasis on any one month's figures, but it added that there were some very early signs that market activity may be stabilising, although at quite a low level.
The annual rate of house price inflation, which measures prices in the previous three months compared with the same period a year ago, remained deep in negative territory at a new record low of minus 17.2%.
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http://uk.news.yahoo.com/fc/house-prices.html
http://uk.news.yahoo.com/18/20090205/tuk-house-prices-climb-unexpectedly-in-j-a7ad41d_1.html
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