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MSE News - Nationwide: house prices down for second successive month

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
in Mortgages & endowments
This is the discussion thread for the following MSE News Story:

"The 0.9% August drop signals the first time prices have dipped for consecutive months since February 2009 ..."
Read the full story:
Nationwide: house prices down for second successive month



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Comments

  • rickbonar
    rickbonar Posts: 448 Forumite
    Hang on...

    You have to wait for Halifax to announce a house price rise!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    The actual fall was 1.7% unadjusted. Thats nearly 2% drop in one month. :eek:

    Great news for all buyers. However house prices are still well overvalued and have a lot further to come down.

    Keep saving those deposits and enjoy the big monthly falls from now on.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • dunstonh
    dunstonh Posts: 119,888 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I wonder if we will get a repeat of the 90s?

    it will be : MSE News - Nationwide: house prices down for 48th successive month
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • neas
    neas Posts: 3,801 Forumite
    this fall is welcome for people looking to buy still :)
  • Trollfever
    Trollfever Posts: 2,051 Forumite
    Breaking News:

    Daily Express reports that house prices are set to soar.
  • dunstonh
    dunstonh Posts: 119,888 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Trollfever wrote: »
    Breaking News:

    Daily Express reports that house prices are set to soar.

    Was there a picture of Diana to go with it? ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    dunstonh wrote: »
    I wonder if we will get a repeat of the 90s?

    it will be : MSE News - Nationwide: house prices down for 48th successive month

    48 months of falls sounds good to me. :D

    I think the vast majority of people will be better off with prices falls from first time buyers to those who find it cheaper to upgrade.

    Those who lose out will be the property speculators but they should of incorporated a risk management strategy rather than believing prices only went up.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    Woo, 2 months of falls down, 46 to go! Awesome!
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
  • SimbaSimon
    SimbaSimon Posts: 810 Forumite
    Part of the Furniture Combo Breaker
    Gosh you lot are a bit premature aren't you? 2 months of slight falls and you think your going to get another 46 months of it? Not a chance. I'd be willing to put money on that.
  • dunstonh
    dunstonh Posts: 119,888 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Gosh you lot are a bit premature aren't you? 2 months of slight falls and you think your going to get another 46 months of it? Not a chance.

    Wasnt that the view in the US?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
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