Wednesday, 29 February 2012

The House Price Data In Context

Just to clarify a point:  RPData chose to release two monthly data readings simultaneously today as they promoted their daily house price series.

Had they retained their previous schedule, today would have seen just the January data released and this showed a sharp 1.0% monthly fall in house prices.  In releasing the data for February, RPData gazumped the 1.0% fall with the February information which showed house prices rising 0.8% in the month.

Netting this out, house prices fell an average of 0.1% in each of January and February and the trend for prices is still down.  

1 comment:

  1. You have to ignore the hype to find the trend, which is down. Add in inflation and oneoff transaction costs and it is a sorry sight.