MSE News: Nationwide: House prices creep up 0.7% in March

Emy1501

I find it strange that some on here pay so much attention to figures which no one can really explain how they are worked out. The reality is what is happening in peoples local areas is way more important that what some easily skewed figures from NW tell us and before anyone says anything yes I was saying the same thing on HPC when prices were falling.

If a garage puts 10 car up for £10K and after 3 months have only sold 4 do people really believe that the average price of the cars is 10K.

As I have said before have a look at the selling thread on the housin forum to see what is going on in the real world.

Pete111

Spring bounce anyone? Lets wait and see!

Be interesting to see what the (often slightly more downbeat) Halifax numbers say in a few days

DaddyBear

Looks like its stagnation then. YOY appears to have peaked and will drop from here. The problem is that its going to stagnate for years.

Wonder how the BBC will report this. Will they quote the monthly rise or will they chose to repeat what they did with the land registry and report the drop in the YOY figure...... I wonder :cool:.

Really2

DaddyBear wrote: »

Looks like its stagnation then. YOY appears to have peaked and will drop from here. The problem is that its going to stagnate for years.

Wonder how the BBC will report this. Will they quote the monthly rise or will they chose to repeat what they did with the land registry and report the drop in the YOY figure...... I wonder :cool:.

House price rises slow slightly, Nationwide says
http://news.bbc.co.uk/1/hi/business/8593771.stm

The annual rate of house price inflation eased slightly in March, the Nationwide building society said.
Prices across the UK rose by 0.7% in the month, taking the cost of the average UK home to £164,519.

I don't get why everyone say the BBC spin everything to positive as this is a gain yet reported as a fall (YOY)

Pete111

marc-h wrote: »

I wonder how many months or rises there will have to be before people change their opinion.



Where are we now? Does the graph need re-drawing!

Indeed

Exactly when are bears likely to accept their crash may have been and gone and that the graph is as relevant as Vince Cable in last nights debate.

Interesting and worthy of discussion? Sure....but relevant? Sorry.

DaddyBear

http://news.bbc.co.uk/1/hi/business/8593771.stm

Well knock me down with a feather. MOM house price rise reported with a negative headline on the BBC. Although they didn't do it wholeheartedly, hence the addition of the word 'slightly'.
If you listen closely you can hear hell freezing over.

Really2

doire wrote: »

Is this what it has come to? People boosting about 0.7%??? :rotfl:

I said it before and i'll say it again......UK average based on very, very low transactions reporting either a rise or fall hardly shows a true picture.

Funny though when its a fall it always seems to be that pesky snow






http://news.bbc.co.uk/1/hi/business/8593771.stm

doire wrote: »

Typical [STRIKE]bull[/STRIKE]bear answer :rotfl::rotfl::rotfl:

:cool:...

HAMISH_MCTAVISH

DaddyBear wrote: »

Looks like its stagnation then.

+9% YoY, up £15,000 or so since trough.......

You have an interesting, and truly unique, interpretation of the word "stagnation".

YOY appears to have peaked and will drop from here. The problem is that its going to stagnate for years.
.

YoY should drop from here. CEBR etc are forecasting 6% or so this year, and 20% from Q4 2009 prices by the end of 2012. Which although far from the heights of the boom, is also far from stagnation.

Blacklight

I think we can safely say that catastrophic collapse of society leading to a 50% reduction in the price of houses (as per HPC.co.uk estimate - revised upwards recently? I'm sure it used to be 85%) has been postponed indefinitely.

The more 'the end is nigh' brigade go on about it now, the more tin foil hat it looks. The slide that started three years ago is over. We can all get on with our lives again now.

When_is_the_reset?

I don't know if houses will be cheaper or more expensive one month to the next.

I only want to know why anyone wants them to be more expensive.

I suppose it helps a very small percentage of people that are professional landlords or developers. These are not the sort that I really want to help.