MSE News: House prices fall for first time in four months (-0.1%)

Cannon_Fodder

Shouldn't the "continuous upward march" of Nationwide be being reflected in this lagged indicator...?

Or is it in fact useful confirmation that Nationwide is not the be all and end all of indices, further confirmed by Hamish's absence from the thread...?

Interesting commentary in the MSE News article;

" David Smith, senior partner at property consultancy Carter Jonas says: "There's a feeling in the industry that many potential sellers will look back at the current time as a missed opportunity.

"When interest rates rise there is a good chance prices will fall back again as those borrowers who are just about surviving are forced to sell up." "


Just an EA wanting to boost turnover, or honesty?

StevieJ

Cannon_Fodder wrote: »

Just an EA wanting to boost turnover, or honesty?

What do you think :rolleyes:

chucky

Cannon_Fodder wrote: »

Or is it in fact useful confirmation that Nationwide is not the be all and end all of indices, further confirmed by Hamish's absence from the thread....

probably not the best or even cleverest way to bait Hamish :money:

The Nationwide and Halifax numbers were the Holy Bible of many a HPCer in the past - obviously not good enough now

Cannon_Fodder wrote: »

" David Smith, senior partner at property consultancy Carter Jonas says: "There's a feeling in the industry that many potential sellers will look back at the current time as a missed opportunity.

"When interest rates rise there is a good chance prices will fall back again as those borrowers who are just about surviving are forced to sell up." "


Just an EA wanting to boost turnover, or honesty?

or it could be wishful thinking for many hoping for prices to crash - we'll have to wait to find out...

chucky

Lotus-eater wrote: »

But surely this is the stagnation you have been talking about?
That's of interest, isn't it?

And without wanting to get into a B/B fight, isn't this the period when it had been whooped about house prices rising again?

possibly - it may look like there will be stagnation but the numbers aren't really correlating too well with the Nationwide and Halifax numbers. is it because it's now becoming much more regional than ever?

Values still rose by 0.8% in London and the West Midlands. Yet they fell by 2.1% in the North West.

that's a 3% difference between the two regions

lostinrates

thanks to MSE Natasha for linking the MSE official story to an existing thread! A much better solution to previous separate threads

With these up and downs, instead of the big percentage drps, or the steady down wards trends does any one find themself singing th Hokey Kokey? Prices, up, down, up, down swing them all about?

geoffky

This is just noise..wait until the orchestra start playing...

Generali

Rounding error innit.

HAMISH_MCTAVISH

Cannon_Fodder wrote: »

12:31pm

Or is it in fact useful confirmation that Nationwide is not the be all and end all of indices, further confirmed by Hamish's absence from the thread...?

?

HAMISH_MCTAVISH wrote: »

11:45am

The data moves in mysterious ways.....;)

In fairness, haliwide and LR are not too far apart in average price terms, all in the 155k to 160k range, and LR includes cash buyers where haliwide do not. The haliwide prices should therefore be slightly higher, as we all know cash buyers can get a better price than mortgage buyers..

HAMISH_MCTAVISH

chucky wrote: »

probably not the best or even cleverest way to bait Hamish :money:

Particularly when I'd posted on the subject 45 minutes earlier......;)

maveli

So the W is taking shape now ?