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

Really2

maveli wrote: »

So the W is taking shape now ?

Indeed. The "ankers" will be along when there are bigger falls.:)

mitchaa

Nationwide will report a 0.9% rise for Sept on friday. Was leaked yesterday in the NOTW

mewbie_2

The thing about bubbles is that eventually even all the hot air in the world cannot keep them inflating.

Heyman_2

I dunno, there's a fair bit of hot air just on this forum lately - might be enough to keep it going a while longer

Kenny4315

What's the fall from peak now (sept 2007) on the halifax & nationwide statistics.

Kenny4315

i found this table which shows all the indicators.

http://www.housepricecrash.co.uk/

Cannon_Fodder

Halifax in Greater London, -26% as at Q2...? Ouch. Missed that.

chucky

Cannon_Fodder wrote: »

Halifax in Greater London, -26% as at Q2...? Ouch. Missed that.

just yesterday you were questioning the validity of Halifax and Nationwide data but now you use it... :rolleyes:

London is at very late 2006 or early 2007 prices.... ouch. you missed that


[IMG]http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?g=1&gt=1&a=E&W-ALL&ac=Greater London&s=01 January 2004&e=01 August 2009&t=4[/IMG]

Cleaver

Demanufacture wrote: »

I believe Halifax is about 20% and Nationwide about 17%, which is similar to where it was in January, so the government intervention has halted the crash (low IR's and various schemes), but the question still remains what will happen when this intervention stops

This question is only relevant if you fully accept the theory that the low interest rates and 'various schemes' (what are these?) from the government have halted the crash and increased prices over the past 6 months independantly of all other factors.

Whilst I'm sure that these factors have had an influence you can't discount the theory that prices may have stopped falling and started rising simply due to a load of people starting to buy houses again because they are a bit cheaper now than they have been for a few years. As you say, we shall see when the interest rates rise and the stablisers are taken off.

A slightly stupid question from me as I don't really keep that up to date with this type of thing, but we took out a mortgage in 2003 as FTBers on a 4.7% 5-year fix. We're maybe looking to buy again now and most mortgages I'm looking at are currently about 5% for a similar product. Does the low base rate really have that much impact?

the_ash_and_the_oak

Cleaver wrote: »

Whilst I'm sure that these factors have had an influence you can't discount the theory that prices may have stopped falling and started rising simply due to a load of people starting to buy houses again because they are a bit cheaper now than they have been for a few years. ?

well transactions levels seem to suggest not really