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Debate House Prices


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Nationwide - House Prices Edge up

13

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Dirk_Rambo wrote: »
    im sure youre a luverly fella and all that but i dont really want you calling round my gaff looking to borrow a bowl of sugar. no offense all the same. good luck
    i doubt that i would but i'm happy to see that Care in the Community is working for you
  • nembot
    nembot Posts: 1,234 Forumite
    Edge up 0.1%

    Must be the spring bounce, although some would say dead cat.

    :beer:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nembot wrote: »
    Edge up 0.1%

    Must be the spring bounce, although some would say dead cat.

    :beer:

    When does a dead cat bounce end? it has been 18 months now.
  • nembot
    nembot Posts: 1,234 Forumite
    Really2 wrote: »
    When does a dead cat bounce end? it has been 18 months now.


    If you're suggesting we've had 18 months of rises, you're talking out of your proverbial.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nembot wrote: »
    If you're suggesting we've had 18 months of rises, you're talking out of your proverbial.

    So are they not higher than 18 months ago?

    Shen does a dead cat bounce end, please tell me I need to know.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nembot wrote: »
    If you're suggesting we've had 18 months of rises, you're talking out of your proverbial.

    Time flies and it seems that Really two considered the Nationwide trough was Feb 09 and tomorrow being July 10, effectively almost a year and a half.
    http://www.nationwide.co.uk/hpi/historical/jun_2010.pdf

    So according to the Nationwide index it's 16 months
    When does a spring bounce last 16 months?

    LR confirms 12 consecutive months of rises between April 09 and April 10

    Even then, when does a spring bounce last 12 months?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • System
    System Posts: 178,423 Community Admin
    10,000 Posts Photogenic Name Dropper
    How's the rental business going nembot?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    nembot wrote: »
    Edge up 0.1%

    Must be the spring bounce, although some would say dead cat.

    :beer:

    It was indeed a spring bounce of +1.8%.

    Ever heard of sasonal adjustment?

    http://www.nationwide.co.uk/hpi/historical/jun_2010.pdf
    If I don't reply to your post,
    you're probably on my ignore list.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    Ever heard of sasonal adjustment?

    No, so I googled it. :eek:
    Order from the British Library: Sperm quality and sasonal-related changes.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Chaos_A.D. wrote: »
    TBH the falls were stopped in their tracks by banks not using their usual rules of repossessing and rock bottom IR's. As far as I'm aware those two characteristics are still being used, the question is will they continue over the average lifetime of a mortgage.... I suspect not.

    If 'normal rules' were applied we'd have continued the trend downward, instead we have a rise in prices on a feeble amount of approvals.

    IR's were always going to fall once the country went in to recession, so that is normal, in some respects the advantages of low rates are not being passed on like they were previously (eg svr was usually around 1-2% over base)
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