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Debate House Prices


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Nationwide index +0.1% MoM

AD9898_2
AD9898_2 Posts: 527 Forumite
in Debate House Prices & the Economy
Just released, now if this thread is less than 10 pages, I'll be disappointed. :D
Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
«1345678

Comments

  • Spiv_2
    Spiv_2 Posts: 280 Forumite
    edited 30 September 2010 at 7:28AM
    Oh what a morning and it's only 7.15! Spain downgraded - Irish debt figures :eek: but at least HPs are still flat/up/downish

    Linky

    http://www.nationwide.co.uk/hpi/historical/Sep_2010.pdf
  • Spiv_2
    Spiv_2 Posts: 280 Forumite
    Three month rate of change turns
    negative for first time since May 2009 -0.8 %
    That left the annual rate of house price inflation at 3.1%,
    down from 3.9% in August and 6.6% in July. The three
    month on three month rate of change – a good indicator
    of the near term price trend – fell from 0.0% in August
    to -0.9% in September. This represents the first
    negative reading for the three month rate of change
    since May 2009 and is consistent with the clear
    loosening of housing market conditions observed over
    the summer months.
  • martinbuckley
    martinbuckley Posts: 1,725 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ....and in other news, one street in Aberdeen recorded double-digit rises.

    Was that the Summer Surge in prices then?
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 30 September 2010 at 8:22AM
    Spiv wrote: »
    Three month rate of change turns
    negative for first time since May 2009 -0.8 %

    That's no doubt what the last of the desperate misery mongers will be saying today. Read on however:
    “Although the three month rate of change has turned negative, at this stage it is not pointing to a significant pace of decline in property values.

    Edit:

    Even the BBC picked this up, despite their best left wing efforts to talk the economy into a new decline.
  • sarkin1
    sarkin1 Posts: 283 Forumite
    Part of the Furniture Combo Breaker
    martinbuckley wrote: »
    ....and in other news, one street in Aberdeen recorded double-digit rises.

    Was that the Summer Surge in prices then?

    From the report

    Scotland was the worst performing region in the third quarter, with prices falling 3.4%. The annual rate of change fell from 7.2% to -0.6%, making Scotland the first region this year to slip back from positive into negative territory (Northern Ireland has experienced annual house price falls throughout).

    :D
    :cool:
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That left the annual rate of house price inflation at 3.1%,
    down from 3.9% in August and 6.6% in July. The three
    month on three month rate of change – a good indicator
    of the near term price trend – fell from 0.0% in August
    to -0.9% in September. This represents the first
    negative reading for the three month rate of change
    since May 2009 and is consistent with the clear
    loosening of housing market conditions observed over
    the summer months.

    Thats the main part of todays news
  • nembot
    nembot Posts: 1,234 Forumite
    Actually to be fair a house sold recently not too far from here, but another 128 have dropped in price over the last 6/9 months.

    PMSL at the BBC comment :rotfl:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    where's this big house price crash you guys have been promising for us ages now...
  • wherediditallgothen
    wherediditallgothen Posts: 1,520 Forumite
    chucky wrote: »
    where's this big house price crash you guys have been promising for us ages now...

    You won't ever see it.

    Without taking your head out of your a*se first, that is.
    Set your goals high, and don't stop till you get there.
    Bo Jackson
  • System
    System Posts: 178,371 Community Admin
    10,000 Posts Photogenic Name Dropper
    chucky wrote: »
    where's this big house price crash you guys have been promising for us ages now...

    2008, perhaps you missed it, all the bears did ;)
    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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