NATIONWIDE - UK house prices fall 0.4 pct mm in April

StevieJ

dazeruk wrote: »

So house prices started falling in 2007 due to housing liquidity problems. Is the economic climate now better or worse? From what I've seen I would say worse. More business have folded and unemployment rising. How can house prices turn around in those conditions? Surely the currently worsing conditions can only add to that early crisis?

Economy worse, liquidity the same, affordabilty better, in addition you have the govt safety net for those unfortunate to lose their jobs so repos will be contained. I didn't say they would turn round although I do feel that falls are bottoming.

Really2

chucky wrote: »

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

As any one worked out grahams motivation as why is he wanting 50-70% falls if he is in NE.

does he never want to move?

Dan:_4

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.

When you purchase a house, the price is nominal. When I look at my outstanding mortgage balance, the figure is also nominal.

Seasonal adjustment works in roundabouts but prices have risen this month, it is their in balck and white.

skap7309

Graham_Devon wrote: »

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

This thread.

Just look at us!!!

I'm off out, this is pathetic.

Quite, very playground stuff on here sometimes. Im off over to HPC.co.uk for some sensible convo! :D

StevieJ

I may naive here but when I calculate how much prices have fallen I simply take the number at the top of the market and compare it to the current number because they tend to quote annual fall but I am watching total fall.

inspector_monkfish

IveSeenTheLight wrote: »

It is

According to Nationwide: -

February = £147,746
March = £150,946
April = £151,861

Therefore according to Nationwide, prices have risen two consecutive months

nothing like 'talking your own book' is there!!? :D

Dan:_4

Ok, so Graham has done a runner.

Where are all the usual doomers today, like last month they are no where to be seen. At least chucky, stevie, Really2, IveSeenTheLight, Mitcha and myself battle it out on the -2.5% threads.

Carolt - It's your favourite time of the month and you haven't made a post
BRIT1234 - Hows your 50% prediction by xmas coming along?
Macque - How is the 70% club doing these days?

System

Entertaining read.

Might pop over to hpc now and see if anyone is having a proper fit.

stephen163

Dan: wrote: »

When you purchase a house, the price is nominal. When I look at my outstanding mortgage balance, the figure is also nominal.

Seasonal adjustment works in roundabouts but prices have risen this month, it is their in balck and white.

It is very dubious not to consider seasonality when you measure changes in the price of something that you know has seasonal fluctuations. Seasonal adjustment is bread and butter stuff for price indexes - its use is extensive in the calculation of CPI and RPI for instance.

An extreme example is the wholesale price of electricity. It is is way higher in winter than it is in summer. So if you wanted to work out if its price was rising, month on month, why would you ignore the seasonal variation element when you have statistical tools to eradicate it?

This is why using "nominal" (non seasonally adjusted) values isn't as good as using seasonally adjusted values for making comparisons.

Really2

Joeskeppi wrote: »

Might pop over to hpc now and see if anyone is having a proper fit.

That was a lol.:rotfl: