Nationwide's Real 0.4% fall - December

System

StevieJ wrote: »

I wouldn't have thought the buyers would be out in force in Dec with Christmas shopping etc, perhaps that is why they have a seasonal adjustment

Yeah, I can't think of anything worse than trying to move over christmas.

mbga9pgf

Jonbvn wrote: »

Eh, according to the BoE mortgage lending is rising?

The number of mortgages approved for house purchase rose in November to 60,518, the highest level since March 2008, according to the latest figures from the Bank of England (BoE).
http://www.ft.com/cms/s/2/65d652f8-f944-11de-80dc-00144feab49a.html

Jon, thats half the 2007 lending total.

HammerSmashedFace

brit1234 wrote: »

Nationwide's Real House Price Index ends year with a 0.4% fall

TBH Brit, nothing has really changed, in the areas I looked at, it's same old. same old. Some properties selling for 20% off peak, many are not. No houses were coming onto the market higher than last year and selling. At best you could say prices have held at 20% off peak on the back of 25% of the normal selling volume, as I've said in another thread all this on the back of money printing and 0.5% base rate.

Neither policy can be sustained and when they are finally withdrawn it will have a negative (read good:D) impact on prices and sentiment. Patience for all you FTBr's

Rinoa

mbga9pgf wrote: »

Jon, thats half the 2007 lending total.

Lending for house purchase has doubled YoY.

It continues to rise month after month after month.

You can't fill a glass to the top before you fill it to half way first.

StevieJ

HammerSmashedFace wrote: »

TBH Brit, nothing has really changed, in the areas I looked at, it's same old. same old. Some properties selling for 20% off peak, many are not. No houses were coming onto the market higher than last year and selling. At best you could say prices have held at 20% off peak on the back of 25% of the normal selling volume, as I've said in another thread all this on the back of money printing and 0.5% base rate.

Neither policy can be sustained and when they are finally withdrawn it will have a negative (read good:D) impact on prices and sentiment. Patience for all you FTBr's

But some of you were predicting 50-70% drops this time last year under similar circumstances

mbga9pgf

Rinoa wrote: »

Lending for house purchase has doubled.

It continues to rise month after month after month.

You can't fill a glass to the top before you fill it to half way first.

Its doubled from a historic low numpty. Whats double the length of your tiny penis? Still c0ck all.

chucky

brit1234 wrote: »

Thus a real fall of 0.4% in December is translated into a seasonally adjusted rise of 0.4%.

JonnyBravo

mbga9pgf wrote: »

Jon, thats half the 2007 lending total.

And you want to get back to 2007 levels do you?

Muppet.

mbga9pgf

Chucky, I have to agree for once. We werent complaining when SA brought down the average rise in summer. We were saving it for the winter.

Still think the Nationwides filtering of prices has lots to do with it and we have at least another real adjusted 15% to go over the next 5 years.

Oh, and I cant wait for QE to end, got a bottle of Bubbly ready to celebrate.(together with the labour party gettting kicked out and made bankrupt by the conservative party).

mbga9pgf

JonnyBravo wrote: »

And you want to get back to 2007 levels do you?

Muppet.

No, not at all.. I was pointing out half of typical lending is not a booming mortgage market. Its a return towards conservative lending totals. Its starting to peter out too if you check the graph.