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Debate House Prices
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Nationwide Feb +0.3%
HAMISH_MCTAVISH
Posts: 28,592 Forumite
heh heh......Crashtastic..... Or something.
On a more serious note, little change this month, like every other month lately.
We're seeing stagnation, with minor fluctuations up and down.
The 3 month on 3 month has now dropped to -0.1%.
Bumping along the bottom.....
On a more serious note, little change this month, like every other month lately.
We're seeing stagnation, with minor fluctuations up and down.
The 3 month on 3 month has now dropped to -0.1%.
Bumping along the bottom.....
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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http://www.nationwide.co.uk/hpi/review.htmHouse prices increased by 0.3% in February
Prices 0.1% lower than one year ago0 -
It must be Spring!0
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HAMISH_MCTAVISH wrote: »heh heh......Crashtastic..... Or something.
On a more serious note, little change this month, like every other month lately.
We're seeing stagnation, with minor fluctuations up and down.
The 3 month on 3 month has now dropped to -0.1%.
Bumping along the bottom.....
Its just clicked with me, i have only just realised what you are all about Hamish.
It does not matter that there are people now stuck in the properties unable to move around the country from job to job, it does not matter that the housing market and the whole white goods and retail side that goes with it is now dead, it does not matter that hard working young people who are on the verge of starting the sort of familys that this country needs more of(not welfare chav mothers with 5 kids and 5 Dads).
You whole being and self worth is dictated by the value of you ex council house0 -
The price they've quoted is 0.26% lower then the price they quoted last month.
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Seasonal Adjustment, plus the fact they've changed their 'methodology' in reporting the NSA (non-seasonally adjusted) figures from October onwards, adjusting the previous month's NSA figure downwards.0
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So thats's a year of nominal stagnation..... About another 9 to go.....
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We've got in a situation which is basically checkmate for the buyers vs sellers at current interest rates - Sellers refusing to reduce, buyers refusing to increase their offers resulting in very few properties shifting and prices stagnating. If interest rates increase in the coming months we will probably see that equilibirum shifted down the price scale a bit as there will be more pressure on sellers with no foreseeable recovery in the employment figures. Could be anything from 5% to 20% lower. I dont claim to see into the future - this is merely my interpretation of the situation.0
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Yay UP! UP! UP!
Prices are up
Confidence is returning
House price crash CANCELLED0
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