Sellers "slash" asking prices

neverdespairgirl

Really2 wrote: »

Ok,

The last 4 months have seen the Halifax be up 3 months out of 4.

By your own reasoning how would you say they are falling, why could the one fall not be a odd month on this index?

If it were 3 out of 4 months of falls you would be calling it a trend.;)

It's down on the quarterly figure. Prices are also lower than a year ago.

IveSeenTheLight

Graham_Devon wrote: »

I'm not interested in the YOY rate. I'm interested in now. That's why I keep saying house prices are falling at the moment, and the same people keep coming back with "they are up if you look at it this way".

The YOY figure during 2009 NEVER stopped you saying prices were rising. Though they were down YOY, they turned around and started to rise. You called them rises. I'm calling this falling.

I showed the now (monthly) and 3 out of 4 showed rises.
Feel free to provide the facts for three monthly if you wish

Graham_Devon

IveSeenTheLight wrote: »

I showed the now (monthly) and 3 out of 4 showed rises.
Feel free to provide the facts for three monthly if you wish

:sigh:

Getting really tired of this.

Halifax:
April 2010 - £168,202
May 2010 - £167,570
June 2010 - £166,203
July 2010 - £167,435
Aug 2010 - £167,953
Sep 2010 - £162,096
Oct 2010 - £164,xxx

Halifax = Fall from April 2010 of approx £4,000.

Nationwide:
April 2010 - £167,802
May 2010 - £169,162
June 2010 - £170,111
July 2010 - £169,347
Aug 2010 - £166,507
Sep 2010 - £166,757
Oct 2010 - £164,381

Nationwide = Fall from April 2010 of approx £3,500

Land Registry:
Prices are up over the same months by £1,400. However, there is obviously a lag, I'm pretty confident what's happening NOW is falls, but it's taking some time to filter through to the LR. I may be wrong, time will tell. i'm sure you will agree, you ignore LR JUST as equally, to qualify your stagnation points.

Halifax adjusted for inflation:
Quarter 2 2010 - £168,719
Quarter 3 2010 - £167,354

Halifax AFI = Fall of £1,500.

Rightmove:
Not that it's really worth using as an indication, bar last months excess jump for some reason that no one is able to explain (even rightmove), asking prices had fallen from April 2010 (6.5k fall in asking prices from April - September. Granted, October bumped asking prices up by 7k. But if Halifax's big drop was a blip in the data, I feel confident I can equally call this unexplainable rise a blip too? However, these prices are not really worth even discussing. Just another index I have access too.

Have no access to the other index used.

Is this enough facts for you? Can we give in with the use of various datapoints now?

Theres 7 months of prices up above. I believe I can call that falling, allbeit, there ARE a couple of eroneous months, which are to be expected. I still beleive, right now, the concensus is to falling prices.

I'm not talking YOY. I'm not interested in that, as thats not relevant to any of my measurements, and not relevant to me talking about what's happening now. It relies to much on the past to be relevant today.

Can we give it a break now please? You wanted facts, you got them. You've picked off months in your post. In other words, from Halifax, picked October, from Nationwide, picked Aug and Sep to say prices are rising. I haven't picked. I've used all months, and come to a conclusion based on using all months.

chucky

technical analysis for the simple...

SA or NSA and why start in April?

Graham_Devon

chucky wrote: »

technical analysis for the simple...

Another insult? Thats surprising. I was asked for facts. I gave them.

SA or NSA and why start in April?

I believe they are seasonaly adjusted figures. These are the figures that are always used.

If I'd used none seasonaly adjusted, there would be issue with that. I've even included inflation adjusted so I can't be accused of leaving that out.

And why start in April?

Start in May June or July if you like. Makes little difference to me. Just I can't use quarter on quarter then.

I started in April so I couldn't be accused of focusing on too small a sample, and couldn't be accused of taking Nationwides highest point, and it also allowed me to use quarter on quarter. April is the start of the 2nd quarter. So the figures used throughout, and the reference points are constant. (Still calling it all simple? Thought of everything so you couldn't come jumping in).

I'm sure there is still fault somewhere, and it will be found. If it's the starting point, play around with it, just keep it slightly relevant and don't go too far back, as too far back isn't what I am talking about.

If you feel April is too far back, fine, go from July. August if you like. Just don't then accuse me of using figures which can be classed as "noise". Indeed, I believe its called "stereo".

chucky

Graham_Devon wrote: »

Or in other words:

you reap what you sow...

Graham_Devon

chucky wrote: »

you reap what you sow...

So what's that mean?

I've put up some figures which refutes all your earlier soundbites and insults, answered the question you thought you were being smart on (why start in April)...so I'm setting myself up for some more?

Probably time to do what ISTL did, and just let the thread drop?

chucky

Graham_Devon wrote: »

So what's that mean?

which means everything that happens to you is a result of your own actions

http://idioms.thefreedictionary.com/You+reap+what+you+sow

house prices going up or down?? it doesn't really matter does it...

Really2

neverdespairgirl wrote: »

It's down on the quarterly figure. Prices are also lower than a year ago.

I think in the release prices are still 1.2% higher YOY. Its all a mixed bag of not a lot really.

neverdespairgirl

Really2 wrote: »

I think in the release prices are still 1.2% higher YOY. Its all a mixed bag of not a lot really.

The release says that, but the actual figures show a lower price than a year ago.