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Debate House Prices
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House prices down 0.9% Nationwide report out
Comments
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IveSeenTheLight wrote: »Of course, however the LR have are not showing falls yet are they?
There was one month in March where it dropped a little, the remaining 6 months were all rises.
Like I've said I think 2010 will be a stagnant year.
Said that at the start of the year.
We do need falls in order for it to be stagnant for the year.
Actually LR has been positive since May 09 (they revise the first published figure as more information comes in). As for the lag, I believe that they are about three months behind the curve (it takes a solicitor a while to get the data and then LR a while to record it).
Depending on which other index it is closest to then we could see a bit of a dip between now and the end of the year.
Here's their updated website:
http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?step=4&locationType=0&area=E%26W-ALL&reporttype=3&datetype=1&from1=01/2009&from2=07/2010&image2.x=27&image2.y=30 -
Actually LR has been positive since May 09 (they revise the first published figure as more information comes in). As for the lag, I believe that they are about three months behind the curve (it takes a solicitor a while to get the data and then LR a while to record it).
Depending on which other index it is closest to then we could see a bit of a dip between now and the end of the year.
Here's their updated website:
http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?step=4&locationType=0&area=E%26W-ALL&reporttype=3&datetype=1&from1=01/2009&from2=07/2010&image2.x=27&image2.y=3
Interesting, so while both Halifax (Feb, Apr, May & Jun 10) and Nationwide (Feb, Jul & Aug 10) have showed drops previously, LR still showed MOM increases.
P.S. I still think it is a stagnated market
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »Interesting, so while both Halifax (Feb, Apr, May & Jun 10) and Nationwide (Feb, Jul & Aug 10) have showed drops previously, LR still showed MOM increases.
P.S. I still think it is a stagnated market
I think you nailed it there. Both Halifax and Nationwide showing more rises than falls over the year so far and LR showing increases (well one 0%) this year so far.
The market is crashing all around us.0 -
Did someone say house prices are down:cool:
0
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