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Drop in house prices was seasonal: ANZ

ANZ has noted that a drop in dwelling values in the month of December was “seasonal” and has warned analysts not to fully attribute the fall to a broader downward trend. In its analysis of CoreLogic’s Home Value Index for the month of December, ANZ claimed that the figures “don’t take into account the seasonality in house prices”. “At face value, CoreLogic’s December house price data indicates that the pace of monthly declines is accelerating, with the fall in December outpacing the decline in November,” ANZ noted. “But these numbers don’t take into account the seasonality in house prices. When the data is adjusted for seasonal influences, then the interpretation of recent house price develo

 
 
 

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