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MSE News: House prices creep up but outlook 'sluggish'

Former_MSE_Guy
Posts: 1,650 Forumite



This is the discussion thread for the following MSE News Story:
"Values rose modestly in March but the rise is unlikely to mark the beginning of a strong upturn, says Nationwide ..."
"Values rose modestly in March but the rise is unlikely to mark the beginning of a strong upturn, says Nationwide ..."
Read the full story:
Nationwide: House prices creep up but outlook 'sluggish'

This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Nationwide: House prices creep up but outlook 'sluggish'

This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments
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Hopefully these Nationwide figures are just a blip, Halifax and land registry still showing big falls.
However the price falls are set to continue and our needed for first time buyers and future generations.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Hopefully these Nationwide figures are just a blip, Halifax and land registry still showing big falls.
However the price falls are set to continue and our needed for first time buyers and future generations.
Not sure about blip, they have recorded very small increases for 3 out of the last 4 months.
What big falls are Land Registry showing?
I believe this government and the BOE will manipulate the market to ensure that house prices stay pretty much as they are for the next 4 years until the GE. They wouldn't get re-elected if house prices collapsed.
Inflation will in effect reduce house prices without actual prices dropping. You will of course get variations but the South seems pretty robust at the moment.
If anything, where I live in a rural area in Southern England, prices are starting to move upwards.0 -
In light of the short memories of the great British public, would it not be a clever idea to actively deflate house prices in the next year or two, and then have two years of really stonkingly positive HPI growth to point to, to ensure re-election..?Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0 -
Hopefully these Nationwide figures are just a blip, Halifax and land registry still showing big falls.
However the price falls are set to continue and our needed for first time buyers and future generations.
Oh my how your expectations have changed.
A 1.7% year on year decline is now "big falls". :rotfl:
Not quite the "50% off by X-Mas 2009" you were expecting, is it Brit....“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”0 -
NPowerUser wrote: »Not sure about blip, they have recorded very small increases for 3 out of the last 4 months.
What big falls are Land Registry showing?
I believe this government and the BOE will manipulate the market to ensure that house prices stay pretty much as they are for the next 4 years until the GE. They wouldn't get re-elected if house prices collapsed.
Inflation will in effect reduce house prices without actual prices dropping. You will of course get variations but the South seems pretty robust at the moment.
If anything, where I live in a rural area in Southern England, prices are starting to move upwards.
0.8% fall this month alone.
Inflation doesn't really affect affordability when wages are being frozen or cut.
I live in the south and viewing prices in various areas which are all falling including London.
Also the government hasn't got the power to stop the falls, they sometimes delay them but just look at the failed government intervention in the USA which failed. Their prices are still rapidly falling.
House prices are far to high and will continue falling.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I live in the south and viewing prices in various areas which are all falling including London.
.
You live in Hounslow Brit which is +7.7% Year on Year according to the Land Registry.
And the latest RICS report shows 10% of the country rising in price, 70% stable in price, and just 20% with falling prices, and most of them very gently.
Stop with the propaganda already. You've had to change your signature 3 times because nothing you put in it ever comes true. I rather suspect this signature won't even last until summer, as all the indices turn MoM and YoY positive with the spring bounce. :cool:“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”0 -
HAMISH_MCTAVISH wrote: »You live in Hounslow Brit which is +7.7% Year on Year according to the Land Registry.
And the latest RICS report shows 10% of the country rising in price, 70% stable in price, and just 20% with falling prices, and most of them very gently.
Stop with the propaganda already. You've had to change your signature 3 times because nothing you put in it ever comes true. I rather suspect this signature won't even last until summer, as all the indices turn MoM and YoY positive with the spring bounce. :cool:
Thanks for telling me where I live, one day I may actually go to my socalled home of Hounslow. Your knowledge of MSE members home locations is as accurate as your understanding of economics.
ie deeply wrong :rotfl:
As for RICS "London was the only region to record a positive reading for house prices last month, with 14 per cent more chartered surveyors reporting prices rose rather than fell. This is in direct contrast to the national picture where 26 per cent more saw prices fall rather than rise."
http://www.rics.org/site/scripts/press_article.aspx?categoryID=509&pressReleaseID=447
As for my signature, have a look at this video to see if the US housing market has been hit by the Option arm and alt A time bomb in 2010-2011.;)
http://www.bbc.co.uk/news/business-12902161
Hamish would you like to tell the MSE members about your buy to let portfolio, and that is why you promote false house price propaganda here against us priced out first time buyers.
All we want to do is buy a first home, so we are glad that house prices are in general falling and set to continue falling.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Your knowledge of MSE members home locations is as accurate as your understanding of economics.
ie deeply wrong :rotfl:
It may be deeply wrong, unfortunately 99.9% of homebuyers will share a similar understanding of economics.
Your argument hinges on the housing market being efficient - it isn't. Furthermore, the UK housing market has never followed the behaviour of other housing markets - it's pretty unique.
This forum is full of people trying to get a mortgage - there may be a shortage of available finance, but there is no shortage of people wanting to buy property. People don't buy property (on the whole) as investment objects, they buy property to have somewhere to live. Selection is done on the basis of irrational criteria (size of the kitchen, proximity to Tesco, distance from inlaws, colour of the front door) rather than hard economic ones.
If finance ever frees up, then there will only be one direction for house prices in the UK...0
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