***House prices up 1.2% in May***

Dr_DiNg_DoNg

nationwide.

have a nice day

freeride

Dr_DiNg_DoNg wrote: »

nationwide.

have a nice day

http://www.nationwide.co.uk/hpi/

:beer:

Snooze

Oh no . Cue another 389 page thread arguing about how they've really dropped 0.9136565% due to "seasonal adjustments" etc etc blah blah .....

R

Generali

3 month on 3 month figure is -0.5% (ie basically flat). YoY -11.3%. MoM is basically noise.

Nationwide suggest that supply is falling as houses just aren't selling (I paraphrase). It is worth remembering that this is against the backdrop of 0.5% base rates and the BoE flooding the banks with money so perhaps it is unsurprising that house prices are stabilising or even rising.

Presumably the current monetary conditions won't last too much longer given the noises that the bond markets seem to be starting to make.

Time will tell as ever.

Snooze

Generali wrote: »

3 month on 3 month figure is -0.5% (ie basically flat). YoY -11.3%. MoM is basically noise.

Nationwide suggest that supply is falling as houses just aren't selling (I paraphrase). It is worth remembering that this is against the backdrop of 0.5% base rates and the BoE flooding the banks with money so perhaps it is unsurprising that house prices are stabilising or even rising.

Presumably the current monetary conditions won't last too much longer given the noises that the bond markets seem to be starting to make.

Time will tell as ever.

You do realise that any second now you're about to have StevieJ, chucky, ISTL and Dan: all jump on you in quick succession over that very bearish comment, right? :rotfl:

This forum is so predictable -

Monthly house price index = drop = StevieJ, chucky, ISTL, Dan: "MoM is simply noise"
Monthly house price index = rise = Generali, AD9898, A444downey, Devon bloke, dopester: "MoM is simply noise" (with dopester adding "and all house owners are scum" )

R

skap7309

Does anyone actually care about monthly figures anymore? Everyone, bar estate agents, knows house prices are very much downward for a looooong time.

Snooze

From the blurb :

“Although the short-term trend in house prices has clearly improved from where it was at the beginning
of the year, it is still too early to say that the market is turning definitively. During the downturn of the
early 1990s, there were many months during which prices rose, only to fall back down again in
subsequent periods. In the current downturn, the combination of rapidly rising unemployment and tight
access to credit implies that the last of the price declines has probably not been seen yet. Nonetheless,
the improvement in house price trends is consistent with signs of stabilisation in several other economic

indicators and suggests that any further price declines may occur at a less rapid pace than in 2008."

R

Generali

Snooze wrote: »

You do realise that any second now you're about to have StevieJ, chucky, ISTL and Dan: all jump on you in quick succession over that very bearish comment, right? :rotfl:

This forum is so predictable -

Monthly house price index = drop = StevieJ, chucky, ISTL, Dan: "MoM is simply noise"
Monthly house price index = rise = Generali, AD9898, A444downey, Devon bloke, dopester: "MoM is simply noise" (with dopester adding "and all house owners are scum" )

R

I understand your cynicism but if you look back over my posts I have made the point that MoM is basically noise consistantly for the past 2 years regardless of the direction of the movement.

eg:

Generali wrote: »

Month on month figures are just noise really IMO - the impact of silly things like 4 or 5 weekends in the month or the weather can be huge. Year on year figures tell the story.

Haliwide and LR both have their own strengths and weaknesses.

In response to a reported fall in house prices of 2.4% for the month.

purch

I can't hear anything !!!

.....is my sound card working ?? :eek:

PasturesNew

Tis but a flesh wound.

chucky

i'm here Snooze!!!!

TIMBER!!!!!!