Nationwide +1.3 (-6.2 YoY)

mitchaa

Nationwide index August 2008 - July 2009

1.Aug 08 = £164,654
2.Sep 08 = £161,797 (Fall)
3.Oct 08 = £158,872 (Fall)
4.Nov 08 = £158,442 (Fall)
5.Dec 08 = £153,048 (Fall)
6.Jan 09 = £150,501 (Fall)
7.Feb 09 = £147,746 (Fall).....BUY BUY BUY
8.Mar 09 = £150,946 (Rise)
9.Apr 09 = £151,861 (Rise)
10.May 09 = £154,016 (Rise)
11.Jun 09 = £156,442 (Rise)
12.Jul 09 = £158,871 (Rise)

You can look at this in a few ways....

Bear side....

House prices have fallen by £5,783 in the last 12 months (-3.5%) Erm i think that's about it.

Bull side....

House prices are up £5,831 in 2009 (+3.7%)
House prices have risen by over £11k in the space of just 5 months. (+7.5%)
House prices have risen for the last 5 consecutive months.
House prices now are the same as they were 9mths ago back in Oct 2008.

I think that just about sums it all up;)

ad9898 wrote: »

Now gentlemen, it's not time to start sucking each others dicks just yet.;)



Nope, I'd prefer to wait and see where we really stand once the borrowed money has run out, eye watering debt levels are not good for the country.

Watch those interest rates, stabilization may just give the BOE an excuse to start upping interest rates;)

julieq

Wahay, Ad has his pecker back up. Good to see.

inspector_monkfish

So, seeing as this apparantly is 'not just a blip', does anyone care to guess when we will go back above the 2008 peak?

ad9898_3

mitchaa wrote: »

Nationwide index August 2008 - Aug 2009

1.Aug 08 = £164,654
2.Sep 08 = £161,797 (Fall)
3.Oct 08 = £158,872 (Fall)
4.Nov 08 = £158,442 (Fall)
5.Dec 08 = £153,048 (Fall)
6.Jan 09 = £150,501 (Fall)
7.Feb 09 = £147,746 (Fall)
8.Mar 09 = £150,946 (Rise)
9.Apr 09 = £151,861 (Rise)
10.May 09 = £154,016 (Rise)
11.Jun 09 = £156,442 (Rise)
12.Jul 09 = £158,871 (Rise)

You can look at this in a few ways....

Bear side....

House prices have fallen by £5,783 in the last 12 months (-3.5%) Erm i think that's about it.

Bull side....

House prices are up £5,831 in 2009 or (+3.7%)
House prices have risen by over £11k in the space of just 5 months. (+7.5%)
House prices have risen for the last 5 consecutive months.
House prices now are the same as they were 9mths ago back in Oct 2008.

I think that just about sums it all up;)

But.... but........ mitchaa, I thought it was all about 'your local area';).

Really2

Snooze wrote: »

Sorry but this doesn't compute. It's all gonna end in tears......

Maybe, but likely there will be tears on both sides, not just owners of houses.

julieq

inspector_monkfish wrote: »

So, seeing as this apparantly is 'not just a blip', does anyone care to guess when we will go back above the 2008 peak?

no idea, but would you happen to know a good fantasy football league to sign up to?

Dan:_4

Snooze wrote: »

Thousands losing their jobs every month (and no new ones to be had in JobCentre) = house prices rising. :huh: :huh:

Sorry but this doesn't compute. It's all gonna end in tears......

Rob

Contrary to popular believe, rising unemployment will not mean house will crash. Not everyone who loses their job are in home ownership, and for those that are many will have savings, low mortgages, redundeancy payouts etc.

inspector_monkfish

julieq wrote: »

no idea, but would you happen to know a good fantasy football league to sign up to?

i do, but its top secret information....

julieq

inspector_monkfish wrote: »

i do, but its top secret information....

insider trading innit

mitchaa

Ad, i agree.

This is only just 1 index, Halifax and LR need to duplicate to make it hold more water.