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MSE News: Nationwide: house price growth slowing
Comments
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Prices now only 13% below their 2007 peak.
12.9%....
Oct 07 Peak price was £186,044
Feb 09 Trough price was £147,746 which was -20.59% from peak
Oct 09 Current price is £162,038 which is -12.9% down from peak, and +9.67% up from the trough in february.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »12.9%....
Oct 07 Peak price was £186,044
Feb 09 Trough price was £147,746 which was -20.59% from peak
Oct 09 Current price is £162,038 which is -12.9% down from peak, and +9.67% up from the trough in february.
The Thomson Reuters Building
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You better write in to reuters and tell them!
And then write to Nationwides cheif economist, as he's wrong too!0 -
inspector_monkfish wrote: »Rise was less than expectations though
I thought the expectation was 1.9% higher YOY , as per your post
Economists were expecting the Nationwide house price index to rise 0.7% on the month and 1.9% on the year in October, according to a Dow Jones Newswires survey of economists last week.
Whereas
Property prices were 2% higher in October than in the same month the previous year, with the average home costing £162,038.
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I thought the expectation was 1.9% higher YOY , as per your post
Economists were expecting the Nationwide house price index to rise 0.7% on the month and 1.9% on the year in October, according to a Dow Jones Newswires survey of economists last week.
Whereas
Property prices were 2% higher in October than in the same month the previous year, with the average home costing £162,038.
Economists were expecting the Nationwide house price index to rise 0.7% on the month0 -
Graham_Devon wrote: »Economists were expecting the Nationwide house price index to rise 0.7% on the month
:rotfl: And 1.9% on the year, whereas it was 2% 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »Economists were expecting the Nationwide house price index to rise 0.7% on the month
Well they have not scored a direct hit all this year why change a habit.:)
How many times have they under forecast this year?0 -
Graham_Devon wrote: »Economists were expecting the Nationwide house price index to rise 0.7% on the month
they've got it wrong every month.
you've given up arguing that house prices couldn't and wouldn't rise.
now you're arguing about economist predictions.
did you sell in 2007 and are now looking to buy?Prices now only 13% below their 2007 peak. 0 -
Graham_Devon wrote: »
And then write to Nationwides cheif economist, as he's wrong too!
He is wrong.
But I bet he can at least spell his own title correctly....;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I always look forward to these threads
0 -
The truth is out there in the market, actual buying and selling prices. Even people who really want to believe the Nationwide index are starting to question it's validity now.0
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