Nationwide - up 0.9% MoM

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Just out, up 0.9%, round up, round up, the bull run is on.:D

mitchaa

Well oh well, who would have thought

How much did you bears waste on rental last month then?:p

Oh and seeing as the 1/4 release has been published i thought i'd update that pesky thing down there:p

Dropped from £154k in the last 3 months mind you but still up 2yrs on;)

http://www.nationwide.co.uk/hpi/historical/Q1_2009.pdf

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mitchaa wrote: »

Well oh well, who would have thought

How much did you bears waste on rental last month then?:p

Nothing, however, the average bear must have lost about 1.4k last month, but is still up nearly 35k, from peak, and who says we aren't positive about things.:D

Dan:_4

I've just made 1.8K before breakfast. :rotfl:

Sorry, couldn't resist.

Seriosuly, I think there will further drops over the summer and autumn, maybe another 5% (10% in some regions) and i'll stand my prediction that prices will bottom by end of 2009.

Dan:_4

Link to the March report:

http://www.nationwide.co.uk/hpi/historical/Mar_2009.pdf

Happy reading!

steadysaver

As is often said, MoM figures are just noise, YoY give you the real picture. I agree with Dan: on the prediction, end of 2009, maybe even pushing into the start of 2010. Then a period of stagnation, before banks begin to remember how much lovely lolly they once made, (remember RBS have some branches to refurb, they are going to have to start making some money now )

Dan:_4

steadysaver wrote: »

As is often said, MoM figures are just noise, YoY give you the real picture. I agree with Dan: on the prediction, end of 2009, maybe even pushing into the start of 2010. Then a period of stagnation, before banks begin to remember how much lovely lolly they once made, (remember RBS have some branches to refurb, they are going to have to start making some money now )

I think the period of stagnation will last a few years, so there's no rush for you FTBers.

Dan:_4

Just to confirm the annual figure is now -15.7%

the_ash_and_the_oak

I'm bearish because i believe prices will fall (considerably) more not because I want them to. I take no pleasure in the falls. I would like to take pleasure in a rise a) it would help my parents, and b) economy linked to houses means better for job security.

but

the_ash_and_the_oak wrote: »

...it would not surpise me to see a monthly rise this year, possibly two. and again next year. i would not expect to see 100% monthly falls each year - though i concede it possible

julieq

Any tips for the Grand National, Ash?

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These rises are entirely predictable, in fact I think I posted a few days ago saying I expected a 1% rise, no housing crash in history has gone down every single month from start to finish, it's the reason they take so long to play out, it's like the Halifax figure in January, of course if we see a 3-4 month trend of upward pressure that would be something entirely different.