October house price decline: Breaking records

I know that the decline in quality adjusted house prices (Quotable Value) between September 07 and September 08 was 5.8%, and I know that quality adjusted house price growth started to slow from August 07 – so I’m picking that the annual fall pushed out to 7% in October.

A number below 6.5% tells me that house prices declines are really losing momentum, while something over 8% tells me that the recent credit crisis has feed into the housing market incredibly quickly.

So what the hell happened – there should be a headline on the Infometrics site 😉