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It should be noted that this is asking prices, rather than actual sale prices. Prices, sale values and transactions all tend to fall in Q4 as people avoid moving around the festive period. Also, as discussed earlier in the thread, monthly indicators are notoriously unreliable. Having said that...

The OBR in their press release today saying that they expect house prices to fall 3.1% in 2011.

BBC News - House prices still falling, surveyors say So RICS say that house prices are continuing to fall, however they also note that the number of houses being put up for sale is falling, which they believe will prevent freefalling prices.

House prices, on a quarterly basis, are falling, but at nothing like the rates seen in the second half of 2008. As larus points out, you can use this data to prove whatever point you care to make. Monthly numbers are inherently volatile, especially with transactions as low as they are; however...

The problem is that there have been people predicting a house price crash for years. Even a stopped watch is right twice a day, and while people (and particularly investors) were guilty of thinking that the good times were going to carry on forever, the naysayers have been equally guilty of...

I do a decent amount of work in the property sector, and to suggest that these researchers are either i) lying or ii) sticking their fingers in their ears is, I can tell you genuinely, completely and totally wrong. I have spoken to, and been to talks by, many major UK researchers/investors over...

Sorry, one of the meters in my office just exploded, only I'm not sure whether it's the sarcasm-meter or the irony-meter. Can you please enlighten me?

It's funny that you chose not to mention this part of the article;

Nope not an estate agent but you seemed to be suggesting that anyone denying your theory that we're on some kind of precipice is like a Flat-Earther or 9/11 conspiracy believer! Of course the UK housing market is over-valued, and a correction is bound to come. The entire question though is...

?? Is that aimed at the people like me that are disagreeing with you? What makes the Halifax numbers any more or less reliable than the Nationwide numbers, which read wildly differently? Are you really trying to present one months worth of figures from one source as some kind of smoking gun?

Er no, he has pointed out the opposite. Lloyds Banking Group plc - Halifax House Price index Commenting, Martin Ellis, housing economist, said: Also, the Nationwide figures for September are radically different; an increase in prices of 0.1%, making the annual change for the proceeding 12...