NATIONWIDE - UK house prices fall 0.4 pct mm in April

mitchaa

Graham_Devon wrote: »

As long as you are consistent in using those figures, then fine.

However, swapping and changing to whichever set of figures suit that month, to ramp your interests is what gets me, which is what is happening here.

It's simple goalpost changing, which is a shame, as last month, when prices were reported as a 0.9% rise, all the bears accepted it, and we all had a good bit of banter on here. But this month, it's all change again, and massaging figures to suit, as they have gone down.

Graham you are clearly making a fool of yourself here.

I was shouting last month because the rise given by the Nationwide was reported at 0.9% when it should have been 2.5%. (Exactly the same as i am doing now) Exactly the same has happened this month, they have reported it at -0.4% when in fact it has increased.

So we are keeping it at the same level so where is your evidence that we are using seasonally adjusted figures in our favour??

Oh, my signature contains 1/4 house price moves. It is updated every 3 months in simpler terms for you Graham as regional data is not released month on month.Factual figures in my signature strip and it's there purely to wind up people like you:p

Graham_Devon

mitchaa wrote: »

Graham you are clearly making a fool of yourself here.

I was shouting last month because the rise given by the Nationwide was reported at 0.9% when it should have been 2.5%.

Exactly the same has happened this month, they have reported it at -0.4% when in fact it has increased.

So we are keeping it at the same level so where is your evidence that we are using seasonally adjusted figures in our favour??

Oh, my signature contains 1/4 house price moves. It is updated every 3 months in simpler terms for you Graham as regional data is not released month on month.

Factual figures in my signature strip and it's there purely to wind up people like you:p

Why should it have been 2.5% last time? Why should it be increased this month?

Because YOU want them to calculate it that way?

YOU want them to calculate it differently to how they have always calculated it?

This is how Nationwide have always calculated it. This is what all the data is calculated on from the Nationwide. I'm sorry it doesnt suit you personally, but no doubt one day, when they are rising again, it will. Would you want it changed then? No.

YOU can calculate it and change it from month to month to suit how you like. But then who's making a fool of themselves? From the bulls point of view it will be me, and Im happy for you to call me a fool. However, as I said earlier, we have loads of historical data, that is what this is all based on, and I would rather it stayed that way instead of people changing it to suit themselves as and when they wish to change it. Am I making a fool of myself by sticking with the statistics how they have always been calculated? Well, thats your call.

mitchaa

Graham_Devon wrote: »

Why should it have been 2.5% last time? Why should it be increased this month?

Because YOU want them to calculate it that way?

YOU want them to calculate it differently to how they have always calculated it?

This is how Nationwide have always calculated it. This is what all the data is calculated on from the Nationwide. I'm sorry it doesnt suit you personally, but no doubt one day, when they are rising again, it will. Would you want it changed then? No.

Grahame, Grahame, Grahame, you are clearly missing the point here, concentrate on the actual values in money terms rather than the month on month ups and downs in % terms.

I continue to refer to this table..(Not yet updated with the latest £££ increase)

http://www.housepricecrash.co.uk/indices-nationwide-national.php

You will see last month, house prices jumped from £147,746 upto £150,946 and was reported to be a 0.9% increase. If you are any good at maths you would see that this was infact a 2.2% increase. The exact same this month, the % figure is showing as a negative but the reality is house values in £££ terms are showing that prices increased further.

Theoretically if you were wanting to buy the average house in Feb at a 100% LTV you would have needed to borrow £147,746. In March you would have needed to borrow £150,946 and in April you would now need to borrow £151,861

Forget about the % figures, you can clearly see that in these 2 months you would have needed to borrow more each time to buy that same average house.

That is the point i am getting at. I take no notice of the actual % drops or gains MOM, but i do look at the actual £££ figures along with % drops from peak.

Over and out Graham.

ad9898_3

This thread is great, wouldn't it be fun if the Haliwide and the LR produced figures on a daily basis, instead of monthly.:D

the_ash_and_the_oak

ad9898 wrote: »

This thread is great, wouldn't it be fun if the Haliwide and the LR produced figures on a daily basis, instead of monthly.:D

right now the stats are pretty good imo - everyone's seeing something they like in them

westv

mitchaa wrote: »

You will see last month, house prices jumped from £147,746 upto £150,946 and was reported to be a 0.9% increase. If you are any good at maths you would see that this was infact a 2.2% increase.

The 0.90% is the percentage increase in the seasonally adjusted index from 298.70 to 301.50,

StevieJ

westv wrote: »

The 0.90% is the percentage increase in the seasonally adjusted index from 298.70 to 301.50,

Keep up

westv

StevieJ wrote: »

Keep up

Ok I'm running as fast as I can!

Anyway mitchaa said "You will see last month, house prices jumped from £147,746 upto £150,946 and was reported to be a 0.9% increase"

That's not correct. The average price did jump but the 0.90% relates to the seasonal index not the average price.

Have I caught up yet?

StevieJ

westv wrote: »

Ok I'm running as fast as I can!

Anyway mitchaa said "You will see last month, house prices jumped from £147,746 upto £150,946 and was reported to be a 0.9% increase"

That's not correct. The average price did jump but the 0.90% relates to the seasonal index not the average price.

Have I caught up yet?

They know that, but they are arguing (sorry discussing) the rights and wrongs of it.

mitchaa

Someone in the media agrees

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/5255710/Nationwide-House-Price-Index-Actually-prices-went-up.html

Looks like August will be a positive month then