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MSE News: Nationwide: Largest house price jump in nearly two years

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

"The 0.6% rise is the highest since a 1.3% month-on-month increase in April 2010 ..."
Read the full story:

Nationwide: Largest house price jump in nearly two years


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This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments

  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    This is getting ridiculous now, the way all the MSE_* admins are trying to hype up house prices. For a supposed "money saving" forum, it's misleading at best.
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • CharlieBubble
    CharlieBubble Posts: 43 Forumite
    Analysts suggest house prices have been holding up due to the lack of homes being put on the market, helping to create "pent up" buyer demand

    This is my thought too, from the lack of decent local houses on the market.
  • ALIBOBSY
    ALIBOBSY Posts: 4,527 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I reckon the rush for FTB to get in before the stamp duty holiday ends would have and effect as well.

    Ali x
    "Overthinking every little thing
    Acknowledge the bell you cant unring"

  • brit1234
    brit1234 Posts: 5,385 Forumite
    Yes MSE seem to be ramping the report and excluding the parts when they say its a blip due to stamp duty. Even the BBC is being more accurate than MSE today.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • paypal_2
    paypal_2 Posts: 6 Forumite
    Great stuff- this news came as I received a letter from RBS One Account telling me that my mortgage rate has increased by 0.25% because 'the cost of their borrowing has gone up.' :mad:
  • Itismehonest
    Itismehonest Posts: 4,352 Forumite
    spunko2010 wrote: »
    This is getting ridiculous now, the way all the MSE_* admins are trying to hype up house prices. For a supposed "money saving" forum, it's misleading at best.

    To be fair to MSE, it's also about using what money you have wisely.

    From your point of view that's about getting houses cheap but for some it's about remaining in positive equity. For others it's the money which their property (that they may have lived in for many years) represents as their only income in their later years.
  • UrWntr
    UrWntr Posts: 227 Forumite
    brit1234 wrote: »
    Yes MSE seem to be ramping the report and excluding the parts when they say its a blip due to stamp duty. Even the BBC is being more accurate than MSE today.

    Will you be updating your signature today? Or are you happy to be misleading, just like MSE?
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    brit1234 wrote: »
    Yes MSE seem to be ramping the report and excluding the parts when they say its a blip due to stamp duty. Even the BBC is being more accurate than MSE today.


    Hi brit!

    Isn't it time to update your signature now? I notice you've not updated for the LR figures either, up over 1% MOM and YOY!!

    Great news all round!

    :T
  • neas
    neas Posts: 3,801 Forumite
    all these rises just keep delaying misguided people like brit from committing.. in 10 years they will be moaning how they 'missed' the bottom and how badly done thjey were when in fact it was there for years...
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    But brit has already missed the bottom. He was gloating at home owners in early 2009, when he famously predicted that house prices would be down 50% by that Christmas.

    Oooh, I still chortle when I think of that misplaced arrogance.
This discussion has been closed.
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