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MSE News: Nationwide: house prices continue to drop
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"House prices fell by 0.7% during October as buyers continued to stay away from the market, figures by Nationwide Building Society showed today..."
Read the full story:
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Comments
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Modest downward trend in house prices continues in October
- House prices fell by 0.7% in October
- Three month rate of decline accelerates to 1.5%
- Further quantitative easing could boost the housing market
Full report available here:
http://www.nationwide.co.uk/hpi/0 -
timber!!!!!!!!!!!!!!!!!!!!!!!!!:cool:
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This might be bad news for the economy in the short term, but it is excellent in the long term.0
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Bangerchick wrote: »Modest downward trend in house prices continues in October
- House prices fell by 0.7% in October
- Three month rate of decline accelerates to 1.5%
- Further quantitative easing could boost the housing market
Full report available here:
http://www.nationwide.co.uk/hpi/
They must be worried if they are openly asking for QE2:cool:
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This figure was reflecting sentiment pre the Spending Review. I'm stating (for the record) that I think there will be a big
in 2011 when people have digested that the SR was not so bad.
There
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Yeah but you can't take just one months figure as the start of a new trend....oh hold on...
Three month rate of decline accelerates to 1.5%
Cheers gentlemen, (and ladies, Sibley)
:beer:Debt Is Slavery.0 -
Having read the whole Q3 report there's not a lot of real news in it. House prices for England are 0.5% down in the quarter over all and 6.1% up on a year ago.
London house prices are still rising.
Prices in NI are on the increase again following a prolonged period of falls.
Still 10% more to fall to get to the losses recorded during the recession and 'credit crunch'.
All together it points to stagnation.0 -
Blacklight wrote: »Having read the whole Q3 report there's not a lot of real news in it. House prices for England are 0.5% down in the quarter over all and 6.1% up on a year ago.
London house prices are still rising.
Prices in NI are on the increase again following a prolonged period of falls.
Still 10% more to fall to get to the losses recorded during the recession and 'credit crunch'.
All together it points to stagnation.
Mate if you think that then you are barking.
House prices stagnating, ha ha ha thats brilliant, oh my god cant stop my self from laughing.
ha ha ha ha.. oh god stop ..... ha ha ha. :cool:
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Blacklight wrote: »All together it points to stagnation.
So, stagnation (as predicted) for 2010.If the recent trend in house prices were to continue through
November and December, the annual rate of house
price inflation would drop to between 0% and -1% by
the end of 2010.Nationwide Report
Then a big spring bounce in 2011.....after the Spending Review has been digested and people realise that things are really not so bad....0 -
1.4% to go in the next two months and I would say that my 2010 prediction will be pretty much spot on.
More spot on than I could have predicted.:D (but TBF I think LR is the one to judge it on)0
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