NATIONWIDE - UK house prices fall 0.4 pct mm in April

mitchaa

Dan: wrote: »

Thanks. This is updated. :beer:

I wonder if the Halifax will dip below 20%, the bears are in hiding:D

sarkin1

mitchaa wrote: »

A 90% LTV mortgage is just as high now with a 0.5% BOE IR than what it was last year with a 5.5% IR so i do not see the link.

No reason to suggest that if the BOE IR is to rise by 5% the 90% LTV product will do the same. They did not move in a linear fashion on the way down otherwise we would have 90% LTV fixed products at 1.5%, so no reason to suggest they will move in a linear fashion on the way up either.



Its a black art. I'm sure its to do with sales volumes at particular time of year in comparison to previous years.

Let me check with Trigold

Dan:_4

mitchaa wrote: »

the bears are in hiding:D

All busy viewing houses. :rotfl:

StevieJ

sarkin1 wrote: »

House prices only fall 0.4% with the base rate at 0.5%, cant wait to see what will happen when rates return to the historical low of 6%

Most FTBers can't achieve much below that anyway without a massive deposit, I think 6% may just mean recession is behind us and liquidity has returned :j

FoxtonsRIP

Dan: wrote: »

It is seasonally adjusted.

So you're claiming that a fall in house prices is actually a rise? That's unbelievable desperation

sarkin1

here you go FTB 90% ltv 6.69% same for next purchase that is a lot higher.

We shall see if lenders hold the rates or raise them to cover their ballance sheet

Dan:_4

FoxtonsRIP wrote: »

So you're claiming that a fall in house prices is actually a rise? That's unbelievable desperation

*sigh*

Look at my updated sig for the nationwide figure - yesturday it said £150,900 and today is £151,861. Then go and read the April's Nationwide report.

StevieJ

sarkin1 wrote: »

here you go FTB 90% ltv 6.69% same for next purchase that is a lot higher.

We shall see if lenders hold the rates or raise them to cover their ballance sheet

You seem to be proving my point

mitchaa

FoxtonsRIP wrote: »

So you're claiming that a fall in house prices is actually a rise? That's unbelievable desperation

I would say arguing black is white is unbelievable desperation

Try looking at March's figures, then at April's and then come along again and state that there was a fall;)

Graham_Devon

Love it. So last month, we were allowed to use spring adjusted figures, as house prices rose on those figures.

This month, were not allowed to and have to ignore the adjusted figure for spring.

I'd rather just focus on the numbers given. Last month, it was given that house prices had gone up, and the bears accepted it. There was even mention on the thread about how we had accepted that. So why can this not be the same this month?

Every graph that comes out is going to show a fall of 0.4%, so for you lot to be arguing that actually it's a rise, is pretty poor.

All I can say is, to all of us, this is neither here nor there. Not a bear glory, and not a bull glory. 0.4& means nothing really and I was expecting it to be higher personally.

So, bearing that in mind, could we concentrate on the true figures given by the nationwide, as they have always reported them? Instead of trying to change things to suit?