January Nationwide MoM -0.1% YoY -1.1%

Percy1983

bingobob777 wrote: »

If the average FTB is buying all the 3 bed semis, who is buying all the 1 and 2 bed flats?

Good question!

I would guess that not all people in there later 20's early 30's want children which I guess is a good driver for wanting more bedrooms, also if you buy earlier with help from the BOMOD the number of bedrooms may no longer be a concern.

myhouse_2

HAMISH_MCTAVISH wrote: »

"Demand for homes looks to have stabilised, albeit well below the levels prevailing before the crisis," said the Nationwide's chief economist, Robert Gardner.

"At the same time, there are few signs of a glut of unsold homes building up on the market that would lead to a sharper price correction. Indeed, there are tentative signs that the volume of homes coming onto the market may be slowing."

Personally I wouldn't even expect a glut of property in January, especially because of the number of vendors who couldn't sell and took their property off the market.
Let's revisit the issue of a glut of unsold homes at end of March.
I also don't think January is the best month to be talking about the level of demand.
-0.1% is not significant to bears or bulls but the longer things drag out now, the worse things will be when IRs start to go up. The next year will show many decreases and probably a few increases in the monthly reports but the general trend is down and is likely to remain so for 2 years at least.

geneer

HAMISH_MCTAVISH wrote: »

Non seasonally adjusted..... I take it you're aware they seasonally adjust for a reason? Because prices fall this time every year.

You mean like the "normal seasonal variations" (c)spamish of tens of thousands of pounds in Aberdeen which simply never occured before the crash in 2007/2008.

Or indeed like the "normal seasonal variations" in Edinburgh which the Estate agents were quick to confirm was actually significant statistical skew and is now dropping out as predicted.

Sorry Spamish, but it just doesn't stack up.
(But by all means ignore this obvious observation just like you've done the last dozen times :T:T:T)

the_flying_pig

Batchy wrote: »

...70% of the houses in the UK are owner occupied, that doesn't mean 70% of the population own houses...

run that one by me again?

geneer

HAMISH_MCTAVISH wrote: »

Mate, that's not abuse, it's a statement of fact.

HPC is full of loony-tunes extremist crash-rampers, who would like nothing better than for the economy to crash and burn so they can get a cheap house.

But hamish, sweetie, you and the other "denialists" were too loony-tunes for them. Hence you were banned. Not that that has anything to do with your vitriolic laughable obsession.

HAMISH_MCTAVISH wrote: »

who would like nothing better than for the economy to crash and burn so they can get a cheap house.

And wouldn't you know it the economy did crash and burn and houses are a significantly cheaper in many areas and markets.
They must be raging! :rotfl:

HAMISH_MCTAVISH wrote: »

There are many threads here linking to some pretty reprehensible comments over there celebrating unemployment, celebrating recession, and the human misery that evictions, negative equity, and bankruptcy cause.

Yawn.


Used to be filled with loony tune bulls laughing at those priced out of the market, gloating at those who saw prices outrace their deposit savings, danced as they explained how everyone had missed the boat, who gleefully advised unsuspecting browsers to buy in at any cost, who derided those content to pay nominal rent rather than exorbitant mortgage payments.

And frankly who utterly failed to see the economic hardship their prevailing bovine attitude would- in no small way- be a party to, and who most laughably denied the unravelling even as it happened in front of them.

But not so much of those loons now as they got banned. :rotfl:

I wonder where they ended up.

geneer

Typical bullish contribution to news of further house price falls.

Yappin' about anything other than house prices.

Batchy

Mallotum_X wrote: »

Thats a little bit flawed is it not, do many people worry about what the interest effect will be in year 25. Or are they interested in the rate right now?

OMG i feel like im banging my head against a wall.

I dont need to justify simple maths, if you dont believe the figures. then use a simple calculator like on barclays or put in some numbers onto the post office calculator site. We are talking FACTS here, not opinions.

I never invented maths, im also not a maths teacher and im not going to try to explain this one again to you guys.

geneer

GHOULS_ON_THE_RUN wrote: »

The Crash is over even before it had begun. It's a tragic day for the ghouls.

You mean the crash you never saw coming, and in true comedy style now try to deny. :rotfl::rotfl::rotfl:

Yep. No looney toons on MSE.

angrypirate

GHOULS_ON_THE_RUN wrote: »

The Crash is over even before it had begun. It's a tragic day for the ghouls.

Um, down monthly, down quarterly and down year on year. How do you get from there to the crash being over?

Kenny4315

As expected prices declining, % decrease will now start accelerating, as the sheeple start realising a downward trend, will be down over year by 12% or so.

Lining up some deals for late in year early next, depending on how I see it.