MSE News: House price rises 'set to stall'

abaxas

I have the answer to this.

No-one has f£ck all idea what is going on.

doire_2

HAMISH_MCTAVISH wrote: »

Well they should be falling already, not just stalling, so sounds like pretty good news to me.:beer:

What about that HUGE 10% you were posting about?

IveSeenTheLight

carolt wrote: »

Sounds like good news to me, too:

"Prices rose by 0.4% in London during November and by 0.3% in the South West, but all other regions saw gains of just 0.1% or no change. Overall, only 17.6% of postcode areas saw increases during the month.

The group says prices are now higher than they had been six months ago across only 37% of the country, with London and the South East most likely to have postcode areas where prices were now higher at 78% and 50% respectively.

I don't understand how this is good news for you.
As an advocator of wishing house prices to be lower and looking to buy in London, I've re-highlighted your post for your specific interest.

The report may be good news for other area, but I don;t see how it is good for you

HAMISH_MCTAVISH

doire wrote: »

What about that HUGE 10% you were posting about?

I would try explaining the difference between YoY gains (as was being discussed) and monthly gains/falls (as is being discussed here) and that even if prices fall slightly over the next few months we will still have YoY gains approaching double digits......

But it would obviously make your head explode.:rolleyes:

IveSeenTheLight

phil_b wrote: »

eh? I'm not sure if you mis-read the article or didnt understand it properly (or are just trying to get the word 'falls' in there), but it said 82.6% saw only a 0.1% increase or no change at all, nothing about 'falls' that I could see.

the majority of that 82.6% may have seen the slight increase.

Considering its almost christmas month and things have risen a tiny bit after recent economic events is pretty astonishing! Still shows an UP trend in prices to me.

I believe carolt has picked up on this paragraph

The group says prices are now higher than they had been six months ago across only 37% of the country, with London and the South East most likely to have postcode areas where prices were now higher at 78% and 50% respectively.

With the calculation that if 37% of the country saw prices higher than 6 months ago then 63% must not have seen price increases.

Welcome to stagnation

IveSeenTheLight

HAMISH_MCTAVISH wrote: »

I would try explaining the difference between YoY gains (as was being discussed) and monthly gains/falls (as is being discussed here) and that even if prices fall slightly over the next few months we will still have YoY gains approaching double digits......

But it would obviously make your head explode.:rolleyes:

To explain, according to Nationwide, house prices in February were £147,746
In October they were £162,038
Therefore currently they are 9.6% higher than in February

It will depend on what the falls / rises are for November, December and January on what the YoY figure will be.
Double digit to me seems a little over exageration given that we would still need to see more rises in the coming months and the likelyhood that there will be falls.

carolt

IveSeenTheLight wrote: »

I don't understand how this is good news for you.
As an advocator of wishing house prices to be lower and looking to buy in London, I've re-highlighted your post for your specific interest.

The report may be good news for other area, but I don;t see how it is good for you

I'm not looking to buy in London.

carolt

HAMISH_MCTAVISH wrote: »

And equally, most did not see a fall. Not even -0.1%.:D

And I note you still haven't answered the question on the other thread....

What huge cataclysmic event do you think is likely to trigger the huge falls required in Dec, Jan, and Feb so we don't see 10% YoY gains?

Which other thread? I don't actually read every other thread on here, you know...

Can you be a bit more specific?

Even if it's a thread I posted on, it doesn't mean I feverishly re-read it throughout the day in case Hamish has posted a comment. :rolleyes:

Emy1501

HAMISH_MCTAVISH wrote: »

Well they should be falling already, not just stalling, so sounds like pretty good news to me.:beer:

Whys that? I thought prices were only going to rise?

carolt

carolt wrote: »

Which other thread? I don't actually read every other thread on here, you know...

Can you be a bit more specific?

Even if it's a thread I posted on, it doesn't mean I feverishly re-read it throughout the day in case Hamish has posted a comment. :rolleyes:

Hamish.. You've not replied to my post.

Look! You're avoiding the question.

Hah!