House prices
The BBC in this report makes a mistake (or at least fails to emphasise the right bit) that I often do, which is by focusing on an annual price change, you forget that most of it has already happened.The Halifax has upped its house price growth forecast for 2007 to 6%, from 4%. However as the BBC notes, we've already had 5%. So in fact the real story is that it now predicts a sharp slowdown in H2 growth to 1%, from 5% in H1. You could say from -1% on the old forecast, though I doubt they've actually believed the old forecast for some while.
Labels: house prices
posted by Matthew @ 7/19/2007 11:50:00 AM
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