We are now back to August 2006

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7492689.stm

UK house prices fell by 2% in June, according to the UK's biggest mortgage lender, the Halifax.

The drop meant that prices were 6.1% lower than a year ago, with the average home costing £180,344.

The lender said that average house prices were now at the same level as in August 2006.

But it said that strong employment levels and low interest rates meant that the housing demand retained firm foundations despite price falls.


Boomed!

[DiscoStu]

http://news.bbc.co.uk/1/hi/business/7492689.stm

UK house prices fell by 2% in June, according to the UK's biggest mortgage lender, the Halifax.

The drop meant that prices were 6.1% lower than a year ago, with the average home costing £180,344.

The lender said that average house prices were now at the same level as in August 2006.

But it said that strong employment levels and low interest rates meant that the housing demand retained firm foundations despite price falls.


Boomed!

It does make me laugh listening to the chief economists of banks and building societies, grasping desparately in a hopeless attempt to prop up their share price.

[Diver]

It does make me laugh listening to the chief economists of banks and building societies, grasping desparately in a hopeless attempt to prop up their share price.

Give it a few more months; and you'll be able to buy a Bank cheaper than a house

[lilelvis2000]

http://news.bbc.co.uk/1/hi/business/7492689.stm

UK house prices fell by 2% in June, according to the UK's biggest mortgage lender, the Halifax.

The drop meant that prices were 6.1% lower than a year ago, with the average home costing £180,344.

The lender said that average house prices were now at the same level as in August 2006.

But it said that strong employment levels and low interest rates meant that the housing demand retained firm foundations despite price falls.


Boomed!

So, still overpriced then?

[HairyArsedBloke]

Back to 2006. Exactly, you’d think that asset prices have gone back to the middle ages from how some people talk.

[Moscow Mule]

Back to 2006. Exactly, you’d think that asset prices have gone back to the middle ages from how some people talk.

In 6(ish) months, asset prices have reversed gains of the previous 18(ish) months.

I think it's something to get excited about?

[daviejones]

Does that mean my clothes are back in fashion?

[rootsnall]

It does make me laugh listening to the chief economists of banks and building societies, grasping desparately in a hopeless attempt to prop up their share price.

One exception was the bloke from RBS, he did wait until they got their own rights issue off but then gave some uber doom predictions. I expect he'll be pensioned off quietly sometime next year.

[lilelvis2000]

Back to 2006. Exactly, you’d think that asset prices have gone back to the middle ages from how some people talk.

The only people complaining are those that remotgaged to buy that Range Rover..and now have no cash to pay all those credit card bills.

[Moscow Mule]

The only people complaining are those that remotgaged to buy that Range Rover..and now have no cash to pay all those credit card bills.

And those people are silly ****ers. I will buy their house next year (or maybe the year after).