MSE News: Land Registry reports further house prices rise (up 1.7%)

Dan:_4

inspector_monkfish wrote: »

i think its just a matter of time before reality checks in, and prices come crashing off big time..

Are people still saying this after a 20% crash - shocking!

inspector_monkfish

Dan: wrote: »

Are people still saying this after a 20% crash - shocking!

4mins to bite !!

thats shockingly slow for you Dan !! :D

Cannon_Fodder

Dan: wrote: »

Up 1.7% in a single month is MASSIVE.

This marks the end of the house price crash. It's been a good one, but sadly, has to come to an end.

Dan,

Have another look at that monster-length thread from Hamish, where monthly figures were up and down like a yo-yo for 6 years - and he didn't even include the pre-91 figures, when the first big stage of the crash hit.

LR will probably be a mix, of Halifax and Nationwide, in a positive direction for the next 3 months. Its just repeating what they have already stated - its a lagged index.

As per 1990, some numpties (me included) heard prices were on the move in the spring and jumped in, in the summer...

...and then spent 6 years watching prices fall...

This time won't match exactly, month by month, the past. Maybe it will be a bit shorter, steeper in and out due to greater awareness, say 5 years instead of 7. But equally, the state of banking, depth of GDP loss in this recession and tightened lending criteria may end up with it being worse.

But its not all over at the two year mark. Trust me.

chucky

inspector_monkfish wrote: »

i think its just a matter of time before reality checks in, and prices come crashing off big time..

and you've got to factor another 2/3 or even 4 months Nationwide/Halifax figures to filter through to push those LR house prices up... can't see another crash, can see a couple of months adjustment though.

Jonbvn

[IRONY]We all know that the LR figures are just VI spin don't we?[/IRONY]

chucky

Cannon_Fodder wrote: »

Dan,

Have another look at that monster-length thread from Hamish, where monthly figures were up and down like a yo-yo for 6 years - and he didn't even include the pre-91 figures, when the first big stage of the crash hit.

LR will probably be a mix, of Halifax and Nationwide, in a positive direction for the next 3 months. Its just repeating what they have already stated - its a lagged index.

As per 1990, some numpties (me included) heard prices were on the move in the spring and jumped in, in the summer...

...and then spent 6 years watching prices fall...

This time won't match exactly, month by month, the past. Maybe it will be a bit shorter, steeper in and out due to greater awareness, say 5 years instead of 7. But equally, the state of banking, depth of GDP loss in this recession and tightened lending criteria may end up with it being worse.

But its not all over at the two year mark. Trust me.

whilst i agree with your point... comparing to the 1990s figures is not doing you any favours to make your point. the most number of positive months was 3 i believe and that only happened once. we've just had 6 positve HPI months...

also, the big falls that you talk about happened in the first couple of years. after 1992 there was virtually no real movement in house prices.

System

Epic ramp on bbc
House prices rise most in 5 years
http://news.bbc.co.uk/1/hi/business/8226416.stm

StevieJ

Really2 wrote: »

North and Wales doing the main gains by the look of it. But they did get hit the hardest.

But not near Geoff just outside Chester, hope he doesn't move near me :eek:

nearlynew

Beware of the bull [STRIKE]!!!!!![/STRIKE] trap.

System

StevieJ wrote: »

But not near Geoff just outside Chester, hope he doesn't move near me :eek:

That's because Geoff only looks at crap properties, the prices of nice ones don't concern him.