Conflicting house price reports

The house price reports from Nationwide and the Halifax are showing very different price movements for the month of March.

Halifax’s house price index showed a continuation of the current trend with the average price falling a further 1.9%. Nationwide’s index shows that the average price actually increased in March by 0.9%. Nationwide’s chief economist Foinnuala Earley was quick to point out that one month’s figures can not be seen as real evidence that prices have reached bottom.

Source: cashquestions.com

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