MSE News: Nationwide: house prices continue to drop 20 October 2010 at 11:43AM edited 28 October 2010 at 12:58PM in Debate House Prices & the Economy 169 replies 3.1K views

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"House prices fell by 0.7% during October as buyers continued to stay away from the market, figures by Nationwide Building Society showed today..."

Read the full story:

Nationwide: house prices continue to drop

Bangerchick

Modest downward trend in house prices continues in October

• House prices fell by 0.7% in October
• Three month rate of decline accelerates to 1.5%
• Further quantitative easing could boost the housing market

Full report available here:

http://www.nationwide.co.uk/hpi/

sarkin1

timber!!!!!!!!!!!!!!!!!!!!!!!!!

Wookster

This might be bad news for the economy in the short term, but it is excellent in the long term.

sarkin1

Bangerchick wrote: »

Modest downward trend in house prices continues in October

• House prices fell by 0.7% in October
• Three month rate of decline accelerates to 1.5%
• Further quantitative easing could boost the housing market

Full report available here:

http://www.nationwide.co.uk/hpi/

They must be worried if they are openly asking for QE2

setmefree2

This figure was reflecting sentiment pre the Spending Review. I'm stating (for the record) that I think there will be a big in 2011 when people have digested that the SR was not so bad.


There

Henry_P_Chester

Yeah but you can't take just one months figure as the start of a new trend....oh hold on...


Three month rate of decline accelerates to 1.5%

Cheers gentlemen, (and ladies, Sibley)
:beer:

Blacklight

Having read the whole Q3 report there's not a lot of real news in it. House prices for England are 0.5% down in the quarter over all and 6.1% up on a year ago.

London house prices are still rising.

Prices in NI are on the increase again following a prolonged period of falls.

Still 10% more to fall to get to the losses recorded during the recession and 'credit crunch'.

All together it points to stagnation.

sarkin1

Blacklight wrote: »

Having read the whole Q3 report there's not a lot of real news in it. House prices for England are 0.5% down in the quarter over all and 6.1% up on a year ago.

London house prices are still rising.

Prices in NI are on the increase again following a prolonged period of falls.

Still 10% more to fall to get to the losses recorded during the recession and 'credit crunch'.

All together it points to stagnation.

Mate if you think that then you are barking.

House prices stagnating, ha ha ha thats brilliant, oh my god cant stop my self from laughing.

ha ha ha ha.. oh god stop ..... ha ha ha.

setmefree2

Blacklight wrote: »

All together it points to stagnation.

If the recent trend in house prices were to continue through
November and December, the annual rate of house
price inflation would drop to between 0% and -1% by
the end of 2010.Nationwide Report

So, stagnation (as predicted) for 2010.

Then a big spring bounce in 2011.....after the Spending Review has been digested and people realise that things are really not so bad....

Really2

1.4% to go in the next two months and I would say that my 2010 prediction will be pretty much spot on.
More spot on than I could have predicted.:D (but TBF I think LR is the one to judge it on)