House Prices Up 4.9% in last 3 months alone....

Yakubu22

HAMISH_MCTAVISH wrote: »

According to Nationwides non seasonally adjusted (ie, the real price people actually pay instead of the adjusted index values) numbers for May, prices are up 4.9% since Feb.

Which is an annualised rate of around 20%......;)

Spring bounce is surprisingly bouncy given all the election and budget drama...
:beer:

If you were remotely telling the truth, we'd be seeing houses double in value in the next 5 years. :rotfl:

HAMISH_MCTAVISH

Yakubu22 wrote: »

If you were remotely telling the truth, we'd be seeing houses double in value in the next 5 years. :rotfl:

The facts are indisputable. Prices are rising. All the SA number tells you is how much more or less than they were expected to rise.

Yakubu22

HAMISH_MCTAVISH wrote: »

The facts are indisputable. Prices are rising. All the SA number tells you is how much more or less than they were expected to rise.

facts are indisputable, but the true meaning behind a number is.

Are you seriously suggesting we'll be seeing houses double in value in the next 5 years?

HAMISH_MCTAVISH

Yakubu22 wrote: »

facts are indisputable, but the true meaning behind a number is.

Are you seriously suggesting we'll be seeing houses double in value in the next 5 years?

No.

I am merely pointing out that prices have risen by almost 5% in 3 months.

Which is perfectly acceptable for a spring bounce.

Henry_P_Chester

Mortgage approvals plummet 7.5% in one month!!



























(Non seasonally adjusted. I'm quoting this figure as it suits me better than the seasonally adjusted figure of 0.2%)

chucky

Henry_P_Chester wrote: »

Mortgage approvals plummet 7.5% in one month!!



























(Non seasonally adjusted. I'm quoting this figure as it suits me better than the seasonally adjusted figure of 0.2%)

not that i like to correct you or anything but what was the resultant house prices for that month for the net lending that you've just quoted...

AndysDad

Not according to Halifax.....they reckon they have fallen by 0.5%

nembot

Hamish is your math really that bad?

Lets take a look at the latest MSE article shall we?

House prices fell for the second month in a row during May, according to mortgage lender Halifax.
Yet this paints a completely different picture to yesterday's Nationwide house price index which showed a 0.5% rise in May, in addition to gains of 1.1% and 1% in April and March, respectively (see the Free House Price Valuation guide).
Halifax reported a 0.4% drop in May, following a 0.1% dip in April. The official Land Registry measure, which is a month behind both mortgage lenders' indices, showed typical property prices edged ahead by just 0.2% during April, following a 0.1% fall in March

As per usual, you're talking utter rubbish.

HAMISH_MCTAVISH

nembot wrote: »

Hamish is your math really that bad?
.

nembot is your reading comprehension really that bad?

I was discussing non seasonally adjusted figures, you know, the actual prices people paid.......

You referenced an article discussing seasonally adjusted index figures.

Henry_P_Chester

chucky wrote: »

not that i like to correct you or anything but what was the resultant house prices for that month for the net lending that you've just quoted...

lol, thanks Chucky. Was I was just using that to make the unrelated point that whether bull or bear or neither people give the figures that suits their position ie Hamish using (pointless) non seasonally adjusted figures.