Nationwide - up 0.9% MoM

julieq

Actually I think I'd rather have a tip for the National from you Ad. You wouldn't happen to own a souped up de Lorean would you? :rotfl:

lostinrates

ad9898 wrote: »

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.

I thought we'd see a fall, but a much smaller one, but increased volume.:o As I said at the timer, the anecdotals on the buying and renting board suggest movement. The mood is up a bit. I think there is further to go overall. Although a lot of houses look very well prices compared to peak the bad news elsewhere hasn't, IMO, finished.

the_ash_and_the_oak

in fact in fairness to 'bulls' - most are suggesting there will still be further falls this year and the bottom is not just yet

I put bulls in inverted commas because when it comes to 2009 itself there doesn't really seem to be any difference between 'bulls' and 'bears' - people seem broadly in agreement for this year. It seems to be what happens afterwards where the divergence of opinion lies

ad9898_3

julieq wrote: »

Actually I think I'd rather have a tip for the National from you Ad. You wouldn't happen to own a souped up de Lorean would you? :rotfl:

No unfortunately I don't, you don't think I'd be here if I did do you, I would be going back in time and partying with some old girlfriends.;)

ad44downey

ad9898 wrote: »

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

A statistical blip like the Halifax had a few months ago. Normal downward service will be resumed next month no doubt.

mizzbiz

Quote from Halifax January Report

It is always important not to place too much weight on any one month's figures. Historically, house prices have not moved in the same direction month after month even during a pronounced downturn. For example, prices fell for seven successive months in 1989 but subsequently increased in three of the first ten months in 1990 even though the overall trend in prices was downwards.

Nice link too, if anyone is interested. Shows the Nominal and Real house Prices going back to early 70's. It just shows that every time the peak gets bigger, so too does the trough that comes afterwards. If the economy really is cyclic and infinite, we are in for a big fall. But bulls, don't worry, after every trough there's a peak, after every peak there's a trough ;-) And just to pump you up further, each time it gets bigger. I suppoe we'll all be more aware for next time.

http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html

wolfman

Is it 15.7%?

17.6% - 0.9% ??

Anyway, Dan's prediction seem most feasible. I reckon it may run a quarter into 2010.

ad44downey

Dan: wrote: »

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

.

I don't know why you're so keen for prices to rise dan. It would just mean that you'd have to fork out more money when you purchase your next caravan.

Really2

lostinrates wrote: »

I thought we'd see a fall, but a much smaller one, but increased volume.:o As I said at the timer, the anecdotals on the buying and renting board suggest movement. The mood is up a bit. I think there is further to go overall. Although a lot of houses look very well prices compared to peak the bad news elsewhere hasn't, IMO, finished.

I agree I think they will still fall but the mood is more positive. I think the fear as gone a bit now and people are just getting on with it.

I know MOM is noise but people have to admit the slight spikes do indicate that we are getting toward the bottom (toward not at;) )
Also people have got to concede 20% falls are extremely unlikely. Even falls as large as last year seem very, very unlikely now.

FoxtonsRIP

Does anyone else think that Fionnula Early of the Nationwide might have been cooking the books just so she doesn't look as stupid as she does every other month? :cool: