MSE News: Nationwide says house prices at 2008 levels

chucky

mewbie wrote: »

And despite all the heated arguments, and who is right today, or maybe right tomorrow - there's nothing any of us can do about it.

exactly - once people realise that we're not in control of what's going to happen we can all be [STRIKE]friends[/STRIKE] able to get along.

mewbie wrote: »

Totally chilled, Friday, work done - not in the right frame of mind for a senseless verbal barrage.

btw you're a HPC nutter

izzybusy23

Dan: wrote: »

Oh dear. What a disaster this year has been, it looks like 2009 will finish higher then 2008.


http://www.nationwide.co.uk/hpi/historical/Sep_2009.pdf

And you still think rising house prices are good news because of exactly what then Dan???????????? Lets hope you don't go on to have kids and their generation be priced out huh?

Graham_Devon

chucky wrote: »

mortgage funding increased + sentiment improved = house prices increased

And thats it. No evidence of what you are saying when asked for it, nada?

So why thank the stuff about housing crashed because of northern rock, and rose again when lending in february started again?

You are merely bluffing.

Go on, say I'm starting an argument.

chucky

Graham_Devon wrote: »

And thats it. No evidence of what you are saying when asked for it, nada?

So why thank the stuff about housing crashed because of northern rock, and rose again when lending in february started again?

You are merely bluffing.

Go on, say I'm starting an argument.

you're not causing an argument and i'm not bluffing.

look at the lending figures prior to Jan - they were extremely low.

post December the mortgage approval trend has been upwards - look at the rejections too. the number have increased (slightly) but the percentage of mortgages being approved has increased steadily. they're increasing but the percentage of acceptances are increasing.

this combined with sentiment after the Lehmans scare has resulted in house prices increasing.

approvals can go up and house prices fall too - which is where the demand and supply now comes into it which has pushed the HPI.

IveSeenTheLight

chucky wrote: »

you're not causing an argument and i'm not bluffing.

look at the lending figures prior to Jan - they were extremely low.

post December the mortgage approval trend has been upwards - look at the rejections too. the number have increased (slightly) but the percentage of mortgages being approved has increased steadily. they're increasing but the percentage of acceptances are increasing.

this combined with sentiment after the Lehmans scare has resulted in house prices increasing.

approvals can go up and house prices fall too - which is where the demand and supply now comes into it which has pushed the HPI.

You'll need to back it up my friend, it's only words unless you have the facts to back it up.

Hey ho

CML response to February mortgage approvals data
"February’s approvals for house purchase - 38,000 on a seasonally adjusted basis - were nearly a fifth higher than in January and marked the first material improvement in approvals since mid-2008."

House purchase lending edges up
"The number of house purchase loans ticked up in February, according to new data from the Council of Mortgage Lenders. There were 24,300 house purchase loans worth £3.1 billion, compared with 23,400 loans worth £3.1 billion in January - a 4% increase"

HAMISH_MCTAVISH

Chucky is it yourself or Cleaver that is the graph genius around here?

Someone should overlay the Nationwide YoY change graph with the BoE lending for new purchase stats and the BoE mortgage approvals stats from 2007 til today.

The results would be so obvious it'd shut him up.

chucky

HAMISH_MCTAVISH wrote: »

Chucky is it yourself or Cleaver that is the graph genius around here?

Someone should overlay the Nationwide YoY change graph with the BoE lending for new purchase stats and the BoE mortgage approvals stats from 2007 til today.

The results would be so obvious it'd shut him up.

i know it's obvious but couldn't be bothered with the effort.

things have been backed up in the past but have been ignored and the thread has gone on tangeants to deflect the fact the point has been proved...

Dan:_4

izzybusy23 wrote: »

And you still think rising house prices are good news because of exactly what then Dan???????????? Lets hope you don't go on to have kids and their generation be priced out huh?

I never said it was a good thing.

However, it should be noted that I was right when I predicted prices will bottom early 2009. Im not one to stay "I told you so" but I did take a lot of abuse at the time.

chucknorris

izzybusy23 wrote: »

And you still think rising house prices are good news because of exactly what then Dan???????????? Lets hope you don't go on to have kids and their generation be priced out huh?

Obviously people who like myself who are advantaged are going to appreciate the distinct advantage given to them by HPI's. It doesn't mean that I don't have some sympathy for those yet to buy, in the same way that I have sympathy for those that bought at the wrong time and lost out.

Dan:_4

chucky wrote: »

what's wrong mewbie - i was expecting a better retort than that one.
have you gone soft or something?

Mewbie has been defeated. The war is coming to an end with a BULL victory.