NATIONWIDE - UK house prices fall 0.4 pct mm in April

JonnyBravo

ad9898 wrote: »

Because we all know that once the YoY figures have worked through, if you don't know how the graph works (as I'm sure some noobs wouldn't) it can look like falls, to the untrained eye have stopped, when in actual fact they haven't.

A more representative graph now, would be falls over time from peak, which would still show rises in any monthly figure, but whould also show the overall trend as going down, at this time, at least.

Oh come on ad... you're better than that.

The numbers are what they are and swapping graphs simply to try and highlight them in as negative way as possible is hardly needed. The numbers are still down but not as sharply as in the recent past. What is there to fear in that?

Really2

So who is still going for a drop of more than 15% this year?

No one can still be thinking 50% from peak by Christmas surely?

Rochdale_Pioneers

Woman from the Nationwide on the radio this morning pointing out that you can read anything you like into single month data, but 3 month and longer trends are more stable. And the 3 month trend definitely shows signs of optimism if not fledgling recovery

System

Really2 wrote: »

So who is still going for a drop of more than 15% this year?

No one can still be thinking 50% from peak by Christmas surely?

No one was ever "thinking" when they predicted drops like that anyway. Pure fantasy.

chucky

ad9898 wrote: »

Because we all know that once the YoY figures have worked through, if you don't know how the graph works (as I'm sure some noobs wouldn't) it can look like falls, to the untrained eye have stopped, when in actual fact they haven't.

A more representative graph now, would be falls over time from peak, which would still show rises in any monthly figure, but whould also show the overall trend as going down, at this time, at least.

that graph was never representative then and isn't now.
even the monthly figures don't tell usu much apart from banter

it picked a specific starting point that could only show a drop.
if the same graph was produced from last month for example it could show an increase on seasonally adjusted numbers - is that what you don't want newbies and mewbie to see?

mitchaa

£150,946 upto £151,861. House prices actually rise (again):rotfl:

Drop from peak = £151,861/£186,044 = -18.4%. Welcome to stagnation people, we are at the bottom thereabouts

Dec 08...£153,048
Apr 09...£151,861

House prices have fallen a whopping £1187 so far this year or even better -0.78% I suppose only 19.22% in the next 8mths to go for the bears 20% down prediction:p

Dan:_4

I was expecting a larger fall this month to take account of it being seasonally adjusted, so -0.4 was a surprise.

Average house prices 'rise' to £151,861. Surly, this is another sign that prices are likely to bottom (not recover) in the next 6-9 months, and marks the closure of the 70% club.

Halifax figures are due out tomorrow, and they are likely to show a rise. The weekend media will be ramping like mad, in between the swine flu.

ad44downey

inspector_monkfish wrote: »

0n April-Nationwide

LONDON, April 30 - British house prices resumed their slide in April, data from mortgage lender Nationwide showed on Thursday, suggesting last month's rise was no more than a blip in a downward trend.
Nationwide said the average house price fell 0.4 percent on the month, partly reversing a surprise 0.9 percent rise in March. Prices were 15 percent lower than a year earlier and down a fifth from peaks set in October 2007.

It's that time of the month again. House prices, they just keep a falling.....

Timber!!!!!!

Dan:_4

ad44downey wrote: »

It's that time of the month again. House prices, they just keep a falling.....

Timber!!!!!!

Why don't you actually try reading the report before you post?

skap7309

Really2 wrote: »

No one can still be thinking 50% from peak by Christmas surely?

Did anyone anyway?