halifax suspends house price index

[thunderlizard]

The Council of Mortgage Lenders, whose house price forecasts have been among the UK’s most optimistic, on Tuesday threw in the towel, saying conditions were too difficult to make predictions

aww come on...this is the best possible time for mortgage lenders to be making predictions. It's not like they've got much other work on right now.

[BrilloPad]

aww come on...this is the best possible time for mortgage lenders to be making predictions. It's not like they've got much other work on right now.

"The CML’s last forecast, made in May, was for prices to be 7 per cent lower in the fourth quarter than last year."

That was after a drop until May of 7%.

I bet they are still making predictions - just too gloomy to publish.

[scooterscot]

Who is halifax?