Nationwide: House Prices fall again

sleepyj

Really2 wrote: »

House prices have not moved more than 5% since Sept 2009, that looks to be fairly stagnant.

Factor in inflation and that "movement" is in double figures downwards

sleepyj

chucky wrote: »

he forgot the 3 month stat which shows something that he doesn't like, desperate is very apt for people like Brit and yourself...

this next leg down is taking it's time isn't it...

desperate much...

Really2

Graham_Devon wrote: »

Erm, since when?

Since (only one year 2008, did not show increasing transactions in spring)


As I said if prices traditionally went up every spring there would show no HPI as it would be removed by a seasonal adjustment (as the increase would be seasonal, note they went up over £900 this month but fell seasonally adjusted)

I know some people can't get their head around seasonal adjustments. Or that sales could be seasonal but there is not much I can do other than give the facts.

FTBFun

chucky wrote: »

he forgot the 3 month stat which shows something that he doesn't like, desperate is very apt for people like Brit and yourself...

this next leg down is taking it's time isn't it...

You mean a 2.1% YOY in London, 2.3% QOQ?

http://www.nationwide.co.uk/hpi/historical/Q1_2011.pdf

chucky

FTBFun wrote: »

You mean a 2.1% YOY in London, 2.3% QOQ?

http://www.nationwide.co.uk/hpi/historical/Q1_2011.pdf

Whats desperate about stating house prices rising again.

It's stating absolute fact.

I wonder why if this lot will thank your post or maybe they won't because it showed that house prices were rising..

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Really2

sleepyj wrote: »

Factor in inflation and that "movement" is in double figures downwards

Depends how you worked it out really, unless your wages went up with inflation they have not got any cheaper to own.

But cheaper compared to an inflation basket of goods, yes.

But like many of us have said since the crash part (2008) the majority of falls would be in real terms not nominally.

chucky

Really2 wrote: »

Since (only one year 2008, did not show increasing transactions in spring)


As I said if prices traditionally went up every spring there would show no HPI as it would be removed by a seasonal adjustment (as the increase would be seasonal, note they went up over £900 this month but fell seasonally adjusted)

I know some people can't get their head around seasonal adjustments. Or that sales could be seasonal but there is not much I can do other than give the facts.

cue a post on something totally different from the usual suspects.

you can post this proof of this as many times as you like but it simply won't sink in or more than likely they won't understand it...

Graham_Devon

PMSL at some of these comments.

It's only 0.2% down. You'd think with the spin being applied, the desperate accusations and trying to make out the OP is wrong because london's up, let alone the new description for a spring bounce we'd had a massive fall..... It isn't massive and could quite equally rise just as much next month.

I'm selling grips.

thriftychap_2

STAGNATION, STAGNATION, STAGNATION.

Get used to it, it will remain like this for a while!

FTBFun

Graham_Devon wrote: »

PMSL at some of these comments.

It's only 0.2% down. You'd think with the spin being applied, the desperate accusations and trying to make out the OP is wrong because london's up, let alone the new description for a spring bounce we'd had a massive fall..... It isn't massive and could quite equally rise just as much next month.

I'm selling grips.

Has anyone actually said what he posted is wrong?

There's a difference between pointing out something is wrong, and pointing out something is unimportant.