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Debate House Prices


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House prices fell by 0.5% in July - Nationwide

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Dirk_Rambo wrote: »
    might be worth a bump. going by rightomve stats it looks like nationwide under estimated the size of fall in house prices

    There will be a lag between someone advertising their house for sale (the point at which it hits the Rightmove numbers), a mortgage being agreed to buy that house (the point at which it is included by Haliwide) and the sale completing (the point at which it is measured by LR/FT).
  • Dirk_Rambo
    Dirk_Rambo Posts: 387 Forumite
    good point general. both sets of stats show big downturn in prices though
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Dirk_Rambo wrote: »
    good point general. both sets of stats show big downturn in prices though

    I agree. Rightmove should be a leading indicator, Haliwide current and Land Registry a lagging indicator so increasing drops in the Rightmove index should lead to increasing falls in the other indices.

    It's worth noting that Rightmove tends to be more volatile and less accurate than the other indices typically.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Generali wrote: »
    I agree. Rightmove should be a leading indicator, Haliwide current and Land Registry a lagging indicator so increasing drops in the Rightmove index should lead to increasing falls in the other indices.

    It's worth noting that Rightmove tends to be more volatile and less accurate than the other indices typically.
    i would have though that it would have been less accurate but even though it has more fluctuations it still shows the same trend

    house_price_server.php?width=768&height=576&year_min=2001&year_max=2010&type=price&flag_q=0&flag_nw=1&flag_hf=1&flag_rm=1&flag_ft=1&flag_lr=1&flag_o=1&flag_ma=0&lag_yoy=0&lag_qoq=0&lag_odpm=1&leg_pos=0&flag_logy=0
  • Dirk_Rambo
    Dirk_Rambo Posts: 387 Forumite
    intresting graph chucky (whatever it means ] but im sure someoene else could get another graph to say diffrent .
    its hard to argue that house prices are falling though, even nationwide say so
  • carolt
    carolt Posts: 8,531 Forumite
    Gosh, this thread still going?

    Excellent.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Yesterday, 10:27 PM
    Dirk_Rambo wrote: »
    intresting graph chucky (whatever it means ] but im sure someoene else could get another graph to say diffrent .
    its hard to argue that house prices are falling though, even nationwide say so

    Yesterday, 10:29 PM
    carolt wrote: »
    Gosh, this thread still going?

    Excellent.

    What an amazing coincidence that you both have nothing better to do at 10.30 on a Saturday night.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Blacklight wrote: »


    What an amazing coincidence that you both have nothing better to do at 10.30 on a Saturday night.

    Both are the same person, and will stop at nothing to keep this thread alive.

    This nutter has been waiting months for a 0.5% fall.
  • carolt
    carolt Posts: 8,531 Forumite
    And you are Blacklight and I claim my quid.
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    carolt wrote: »
    And you are Blacklight and I claim my quid.

    You can put it towards your rent :)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
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