Thursday, June 04, 2009
Halifax reports a house-price jump
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

After moving sharply out of line with the Nationwide, the Halifax house price index caught up abruptly, reporting a 2.6% jump in prices in May, following falls averaging 2% a month over the previous three months. The annual fall is 16.3%. The Halifax, sensibly, is playing down the May numbers, pointing out that monthly rises can happen even when the trend is downwards. Even so, its figures are consistent with other evidence that stabilisation is in sight. Its release is here.