Wednesday, July 08, 2009
Halifax down 0.5% - trend flattens
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The Halifax said house prices slipped by 0.5% last month, following May's 2.6% jump. It says the pace of decline is slowing and the average price in June, 157,713, was marginally higher than in March, 157,320. The quarter-on-quarter decline, 1.9%, was the smallest since Q1 2008.

Meanwhile, Nationwide's consumer confidence index rose by four points to 58 in June and more people expect the economy to get better over the next six months than get worse. The release is here.