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

Yakubu22

StevieJ wrote: »

The sun is shining, the cup final tomorrow, you must feel that all is well with the world :beer:

Indeed, not even a house price crash could top a Cup win! :j

chucky

MrDT wrote: »

So long as the line stays under the "Year change %" zero base line on the y-axis then surely it's still bear food

There's bound to be some HPC jokers that can't read a graph properly thinking "OH NOES LINE GO UP - BAD BAD BAD", I'd like to think that the average poster here has a little more intellect though!

a clever 'bear' should have plenty of "food" for a bit longer me thinks.

you should what there posting across on HPC.co.uk - they're going crazy over there!!

i've just started this site www.HousePriceIncreasingSharply.co.uk feel welcome to join

lostinrates

chucky wrote: »

they're going crazy over there!!

i've just started this site www.HousePriceIncreasingSharply.co.uk feel welcome to join

So, to counter people you think are crazy you are trying to out crazy them? Novel.....

mewbie_2

Typical. Bit of good news and my wife is spending already. Glade air fresheners turned up to max, and perusing the Argos catalogue for curtains and extras. We're apparently gonna "mew the fff out of this rise, you tight fisted bstyard".

IveSeenTheLight

Generali wrote: »

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

It should be remembered that the 3 month on 3 month figure is the seasonally adjusted index.
Nominally, it would have shown positive.
December = £153,048
January = £150,501
February = £147,746
3 month Average = £150,431

March = £150,946
April = £151,861
May = £154,016
3 month Average = £152,274

So nominally, 3 month on 3 month an increase of only 1.2%

Some interesting graphs taken from http://www.nationwide.co.uk/hpi/historical/may_2009.pdf

StevieJ

lostinrates wrote: »

So, to counter people you think are crazy you are trying to out crazy them? Novel.....

Or taking the xxxx LIR you are so literal.

chucky

lostinrates wrote: »

So, to counter people you think are crazy you are trying to out crazy them? Novel.....

it was a joke LIR - chill woman
it was humour - nothing more, nothing less

and btw just to be clear i never said they were crazy - i said they were going crazy referring to the number of posts about this very topic.

IveSeenTheLight

MrDT wrote: »

So long as the line stays under the "Year change %" zero base line on the y-axis then surely it's still bear food

There's bound to be some HPC jokers that can't read a graph properly thinking "OH NOES LINE GO UP - BAD BAD BAD", I'd like to think that the average poster here has a little more intellect though!

If you look at the graphs from Nationwide I posted above, you'll see that the seasonally adjusted 3 month on 3 month is about to cross over to the positive side.
nominally, it already has.

Snooze

IveSeenTheLight wrote: »

It should be remembered that the 3 month on 3 month figure is the seasonally adjusted index.
Nominally, it would have shown positive.
December = £153,048
January = £150,501
February = £147,746
3 month Average = £150,431

March = £150,946
April = £151,861
May = £154,016
3 month Average = £152,274

So nominally, 3 month on 3 month an increase of only 1.2%

Some interesting graphs taken from http://www.nationwide.co.uk/hpi/historical/may_2009.pdf

:rolleyes: Here we go... didn't take long...

http://forums.moneysavingexpert.com/showpost.html?p=21968193&postcount=3

R

IveSeenTheLight

Snooze wrote: »

:rolleyes: Here we go... didn't take long...

http://forums.moneysavingexpert.com/showpost.html?p=21968193&postcount=3

R

I replied twofold a post detailing that the poster was only interesting in the YOY still being negative and generalis's comments on monthly noise and 3 months stats

MrDT wrote: »

So long as the line stays under the "Year change %" zero base line on the y-axis then surely it's still bear food

I was merely showing that the 3 mont on 2 month is almost positive, would have been if it was not seasonally adjusted and that next months seasonally adjusts 3 month on 3 month will be positive

Additionally, the your post # 3 is referring to monthly idexes, while I am discussing the 3 monthly which is adjudges to be a better indicator

I'm interesting what positive addition to the debate your post above and in # 3 has contributed to the thread.