Nationwide - up 0.9% MoM

Really2

StevieJ wrote: »

That begs that age old question 'Do bears !!!! in the woods'

They do and rabbits are actualy white but bears hold with the tail and wipe with the rest.:)

lostinrates

Here in the country prices have been very high. It depends where in the countryside you are I guess.

chucknorris

Sir_Humphrey wrote: »

I am sure you are aware that no Underground is going to Hackney. The line is being converted into a London Overground commuter rail route.

Yes but it connects to the underground system and will appear on the tube map as such

Sir_Humphrey

chucknorris wrote: »

Yes but it connects to the underground system and will appear on the tube map as such

My local station has a train every ten minutes to Victoria (plus another two to London Bridge and one to Milton Keynes) and is one stop away from Balham tube. However, house prices are at least 50% lower. It is an improvement to the lousy transport network in Hackney, but a tube it ain't. The trains will have four coaches and will not run every two minutes.

chucknorris

StevieJ wrote: »

That begs that age old question 'Do bears !!!! in the woods'

They will have when they caught sight of this month's Nationwide HP figures

mdb99jh

Dan: wrote: »

You just sound desperate now.

Not desperate, simply looking further ahead that focussing on single month +/- figures, and trying to predict future direction. I have no vested interest, I'm just playing mystic meg. Do you disagree with my prediction?

chucknorris

Sir_Humphrey wrote: »

My local station has a train every ten minutes and is one stop away from Balham tube. However, house prices are at least 50% lower. It is an improvement to the lousy transport network in Hackney, but a tube it ain't. The trains will have four coaches and will not run every two minutes.

It is still an improvement on the current transport links in Hackney, there is a simple solution if you don't like them, just don't move there, problem solved

Graham_Devon

JonnyBravo wrote: »

I agree, but equally don't pretend there are still as many people as there were 6 months ago who can't buy.
Clearly things are improving for some people and those people are starting to buy.

Edit: hmmm, after thinking perhaps there are more people who cant buy than there were 6 months ago cos of rising unemployment etc...... but what I think is clear is there are more people prepared/preparing to buy than a few months ago

Definately more people preparing.

However, they may be preparing, but confidence is at a low (though these figures may just make those select few have a little more confidence).

There are definately less people buying, thats for sure. The mortgage figures show that. We all know that.

I myself am preparing to buy within the next 2 years. However, I don't know how much neg eq I have. Taking the average figures, I would now be in neg equity by 2%. If I get down to 15% neg eq, I will be staying put....another buyer off the market, along with thousands others in neg eq.

I found something that I heard someone saying the other day quite interesting.

Apparently, the lack of buyers is hurting those who have sold, but not moved yet. There was someones sister at work in a chain, she had sold, but the buyer could not buy in the end. She lost the sale in the end as the buyer who had bought subject to contract had now figured the house was worth 10% less. So now that seller is back on the market.

That would have been an approval, but one which didnt make it through to selling. Obviously the person who had sold had to let down the people they were buying from also, and it ends up like a domino effect!

The buyer of the first house was a first time buyer.

So I don't believe personally, taking my experience and people similar to me, that people can just go out and buy at the best time ever. I think a hell of a lot less can.

I'm kind of sidetracking now though!

Don't want to upset the bulls

StevieJ

mitchaa wrote: »

Just for interest...

Nationwide House Price Data...

Peak - Oct 2007 @ £186,044
Now - Mar 2009 @ £150,501

19.1% down over 17 months averaging 1.12% per month


Halifax House Price Data...

Peak - Aug 2007 @ £199,770
Now - Feb 2009 @ £160,327

19.7% down over 18 months averaging 1.1% per month



Indexes are fairly close then, although we are waiting for Halifax's March figures.

Good to see them holding below my 20% prediction Note Devon chap:cool:

chucky

would just like to say this a quality thread to read - Graham and AD, at least your around taking it on the chin and bantering back, many others are in denial just like the uber bears were previously. you'll get your own back soon, don't worry.

one month doesn't really mean much at the moment - however with the other positives out this month it is positive progression and nobody - not even Mewbs and Wookster can deny that.

i've said we'll have a few of these months then the usual 2% drops to balance things out again - my guess these will be in the quieter summer months. the 'real' recovery will happen in late this year or early 2010.