MSE News: Nationwide: house price growth slowing

Graham_Devon

chucky wrote: »

that's another excellent point you made Devon when you were trying to find fault in the small Nationwide rise

how do you apply the same logic to the Halifax coming in at a 1.2% rise today, whilst economists were expecting the Halifax house price index to rise 0.8% on the month. :rolleyes:

You've lost me.

I wasn't trying to find fault. Really asked a question, I answered it by using the sentence from the article.

Wasn't my words, so not sure what I need to explain and how it's my error?

mewbie_2

Oooh it is so exciting. Houses have gone up. Making them more expensive. In a broke country with rising unemployment, no manufacturing, busted financial servies, a record debt - oh never mind children - look at the Halifax index. We're saved!!

Thankfully a combination of record low interest rates, plus a world beating does of QE, plus some people's unshakeable faith in HPI has made the cost of shelter for future generations more expensive.

And the best is - it can last for ever.

Can't it?

Really2

Graham_Devon wrote: »

You've lost me.

I wasn't trying to find fault. Really asked a question, I answered it by using the sentence from the article.

Wasn't my words, so not sure what I need to explain and how it's my error?

It was not to one of my questions, I think forecasts on house prices are rarely correct.

That is why I am not making a song and dance about the forecast for the halifax being 1% out today.

I think some on this tread though were trying to make out the forecast for the nationwide being out was some king of market signal.

Graham_Devon

Really2 wrote: »

It was not to one of my questions, I think forecasts on house prices are rarely correct.

You are correct, sorry, it was stevies.

chucky

Really2 wrote: »

It was not to one of my questions, I think forecasts on house prices are rarely correct.

That is why I am not making a song and dance about the forecast for the halifax being 1% out today.

I think some on this tread though were trying to make out the forecast for the nationwide being out was some king of market signal.

thank you really - i couldn't be bothered to try and explain it.
i think this may be a forum signal not a market signal - GD accepts another posters point of view

the_ash_and_the_oak

If any particular months figures are noise - the discrepancy between the predicted and the actual months figures must be noise on noise