NATIONWIDE - UK house prices fall 0.4 pct mm in April

Graham_Devon

Really2 wrote: »

Intrestingly they are £1160 more than Jan 09

No nominal fall at all this year so far but a nominal gain of 0.7% in the first 4 months of the year.

Good lord. I don't want to see you, Stevie, Dan, Chucky etc EVER using seasonally adjusted figures to prove your point again.

I'll agree now that ok, house prices have gone up. There.

Now, wait until winter...when the seasonal adjustment is reversed....presumably we won't see you lot sayig "well actually, prices have only dropped 1%, not the 2% reported".

I find it somewhat bizzare that you guys will go against every single industry calculation to make your point.

ukcarper

ruggedtoast wrote: »

Hear hear (or possibly here, here, I've never been sure).

I sincerely hope none of the uber bulls here are dabbling in the markets, they'll get wiped out making such sentimental decisions.

What percentage of people buying property are dabbling in the market as opposed to buying somewhere to live.

Really2

ruggedtoast wrote: »

If I seriously believed there was anyone out there who had bought a flat for £100,000 in Jan and sold it for a £700 profit in April this would have some credence.

The figures are not based on that though are they it is on average selling prices not people who have purchased then sold in 4 months.
Why be so silly, the average buyer stays in a house 5 years+

Really2

Graham_Devon wrote: »

Good lord. I don't want to see you, Stevie, Dan, Chucky etc EVER using seasonally adjusted figures to prove your point again.

I'll agree now that ok, house prices have gone up. There.

Now, wait until winter...when the seasonal adjustment is reversed....presumably we won't see you lot sayig "well actually, prices have only dropped 1%, not the 2% reported".

I find it somewhat bizzare that you guys will go against every single industry calculation to make your point.

Graham you know I only ever use nominal as that is true cost. We had a discussion on it can't you remember or are you being very selective?

Did you buy your house for a nominal amount or did you put a seasonal adjusted offer in?

PS we have only just come out of winter, the whole of the first 1/4 of the year is winter!

chucky

Graham_Devon wrote: »

Good lord. I don't want to see you, Stevie, Dan, Chucky etc EVER using seasonally adjusted figures to prove your point again.

I'll agree now that ok, house prices have gone up. There.

Now, wait until winter...when the seasonal adjustment is reversed....presumably we won't see you lot sayig "well actually, prices have only dropped 1%, not the 2% reported".

I find it somewhat bizzare that you guys will go against every single industry calculation to make your point.

to be clear Graham as you're this Boards King of Spin - i have never used seasonally adjusted numbers and don't intend to, these are just mortgage approvals from a lender with the Halifax who has less than 30% of the mortgage market. just as they went down i don't take them too seriously when they go up.

and for the record house prices may drop again, they may not.

my view is that the national average have between 5%-10% to drop.
outside this some areas are already flattening out and increasing in value - i'd hate to be in one of those areas after taking advice from anonymous strangers on an internet forum telling you not to buy a house.

Really2

ruggedtoast wrote: »

If I seriously believed there was anyone out there who had bought a flat for £100,000 in Jan and sold it for a £700 profit in April this would have some credence.

So would you argue NE is not real if they do not sell there house?
If you only want figurs based on such short time frames and as hard facts you will have very limited figures

IveSeenTheLight

Graham_Devon wrote: »

Good lord. I don't want to see you, Stevie, Dan, Chucky etc EVER using seasonally adjusted figures to prove your point again.

I'll agree now that ok, house prices have gone up. There.

Now, wait until winter...when the seasonal adjustment is reversed....presumably we won't see you lot sayig "well actually, prices have only dropped 1%, not the 2% reported".

I find it somewhat bizzare that you guys will go against every single industry calculation to make your point.

Seasonal adjustment resulted in the Nationwides figures reporting last month as only 0.9% when actual prices rose 2.2%

This month it reported a fall of -0.4% when in fact the rose 0.6%

So in fact seasonal adjustment is working in your apparent favour at the moment

I do question the whole seasonal adjustment thought at the moment as the market is vastly diferent than it has been in the last 15 years.
Has the seasonal adjustment strategy similarly moved?

One thing for sure is that in the last few months in my opinion the prices seem to be starting to stagnate, some months up and some months down.

Graham_Devon

:rotfl::rotfl::rotfl::rotfl:

This thread.

Just look at us!!!

I'm off out, this is pathetic.

skap7309

mitchaa wrote: »

I think you all agreed that we would be down around 40% by xmas if i am not mistaken.

Please mitchaa, lets not tar everyone with the same brush here.

chucky

Graham_Devon wrote: »

:rotfl::rotfl::rotfl::rotfl:

This thread.

Just look at us!!!

I'm off out, this is pathetic.

so this is what happens when Graham doesn't accept the facts.
very sad...