Nationwide HPI: Dec 09 Down 2.5%

mbga9pgf

Yes, and as people have REPEATEDLY pointed out, that data is as laggy as hell. Like 6 months laggy to get the real figures.

IveSeenTheLight

mbga9pgf wrote: »

Yes, and as people have REPEATEDLY pointed out, that data is as laggy as hell. Like 6 months laggy to get the real figures.

LR figures are released already for November

stephen163

mitchaa wrote: »

No idea where you are going with this 1, i agreed a price with the sellers in the March of 2007, contracts exchanged June 2007. Survey obviously carried out prior to my bid as if you understand the buying process in Scotland and the offers over business it could leave you in for a nasty shock if you overbid and the surveyor does not agree with your overbid.

I'll leave this thread alone now as instead of focusing on the original point of this thread, it appears to be MSE vs Mitchaa, as much as i enjoy the banter im not going to take over yet another thread;)

Nationwide down 18%
Halifax down 20%

Over and out on this 1.

Because Nationwide use values at the post survey approval stage to compile their results. Anyway, if you agreed in March 2007 and completed in June 2007, that puts you in Q2 2007 so you do need to update your signature as it's misleading. Thousands of transactions *originating* in Q1 would naturally spill into Q2 and be accounted for in the Q2 report.

chucky

carolt wrote: »

Are there any STR's with families who post on here who've done that?

Don't know of any (grown up children don't count). All the ones I know of are single, like PN, or childless or with grown-up children.

Because moving home - whether from rented to buying or the reverse - is stressful, and especially so with children, the natural tendency is to stay put wherever you are, unless you need to move for practical reasons eg new job, baby, school etc etc or overwhelming financial reasons.

As mitchaa can afford his mortgage fine, AFAIK, I don't think anyone is suggesting he should sell now - just stop gloating about mythical HPI gains.

stop gloating!? there was no gloating in the post.
but just for you the previous HPI is already in the bank duchess

good effort on your angry post though - wow...

mitchaa

stephen163 wrote: »

Because Nationwide use values at the post survey approval stage to compile their results. Anyway, if you agreed in March 2007 and completed in June 2007, that puts you in Q2 2007 so you do need to update your signature as it's misleading. Thousands of transactions *originating* in Q1 would naturally spill into Q2 and be accounted for in the Q2 report.

Are you trying to bait me to continue this discussion and take this thread into another slippery slope?

I wont bother entertaining you with the above, my sale price was agreed in Q1 2007, based around the market at that time.
If the sellers had waited until June 2007 before i had offered i would have needed to offer more at that time.

So for arguments sake, i bought it for £100k in March and by completion time in June it was worth £110k, mythical figures here, had i made money or not?

I would actually start quoting the data in ISTL post but tbh i cannot be bothered with the hassle.

My signature is staying put for another 3 months at least anyway Nothing innacurate about it all. Boy do you use really really weak arguments:rolleyes:

You can try and convince me black is white my friend but it will not work, save the 1 min of your life that you will waste trying to convince me and do something useful with it. You'll never get it back again, and your point will just be simply ignored.

Im not being baited into further tit for tat:p

carolt

chucky wrote: »

stop gloating!? there was no gloating in the post.
but just for you the previous HPI is already in the bank duchess

good effort on your angry post though - wow...

Which was my 'angry post'?

chucky

carolt wrote: »

Which was my 'angry post'?

have a nice day Carol

poppy10_2

Aberdeen Express 'exclusive' on the forthcoming ASPC figures, expected to show a 20% fall:

EXCLUSIVE: £40,000 wiped off property prices in 12 months

HOUSE prices in the North-east have fallen by a staggering £40,000 in a year, it was claimed today.

The dramatic drop paints a very different picture to the “mad” property boom which hit the region in 2007.

John MacRae, chairman of Aberdeen Solicitors’ Property Centre, said figures were expected to reveal average house prices at the end of 2008 stood at about £160,000, compared to £200,000 at the start of 2007.

At the start of 2008, prices remained high after soaring by 26% during the year before.

stephen163

mitchaa wrote: »

Are you trying to bait me to continue this discussion and take this thread into another slippery slope?

I wont bother entertaining you with the above, my sale price was agreed in Q1 2007, based around the market at that time.
If the sellers had waited until June 2007 before i had offered i would have needed to offer more at that time.

So for arguments sake, i bought it for £100k in March and by completion time in June it was worth £110k, mythical figures here, had i made money or not?

I would actually start quoting the data in ISTL post but tbh i cannot be bothered with the hassle.

My signature is staying put for another 3 months at least anyway Nothing innacurate about it all. Boy do you use really really weak arguments:rolleyes:

You can try and convince me black is white my friend but it will not work, save the 1 min of your life that you will waste trying to convince me and do something useful with it, as you'll never get it back again.

Im not being baited into further tit for tat:p

Michaa, if you agreed 'early in Q1' (as you originally said), I would have been convinced. Fact is, you agreed on a price very late in Q1 and the completion naturally spilled over into Q2 (as would the majority of all other transactions with an agreed price in March - there *is* a lag between agreeing a price for a property and actually getting to the post mortgage approval stage!). Thus most properties sold at market value in March would get included in the Q2 figures. (Someone please pick me up on this if that is wrong)

Because of the above, I argue that it is more accurate for you to use Q2 prices rather than Q1. If this argument is 'weak', please let me know.

mitchaa

poppy10 wrote: »

Aberdeen Express 'exclusive' on the forthcoming ASPC figures, expected to show a 20% fall:

Poppy it's just another unofficial report, when in comparison to the ROS data (Scotlands LR) the 20% drops are mythical.

ASPC is like Scotlands version of rightmove, only on a much smaller scale.

Rightmove doesn't get priority over England and Wales pricing, likewise with ASPC.

Houses i have been keeping an eye on over the last 3 mths or so on the ASPC site are just not budging in price.

Taken with a pinch of salt im afraid.