Nationwide: House Prices fall again

sleepyj

FTBFun wrote: »

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.

A 0.2 rise would have made the front page of the express

chucky

let me repost this as the usual suspect that you made the point you answered is trying to avoid the point made or more than likely doesn't understand yet again

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.

Pete111

Hmm nice spin Brit - However, I can't help but notice that if you look at the raw numbers presented then:

1) 2011 has shown 4k+ of average HPI since Jan
2) Prices are 1k higher than in March 2010
3) Though prices are below the recent June 2011 'peak', they have increasing month by month for the last 3 months
4) Average Prices are 14k higher than 2 years ago.

That said, this looks suspiciously like bumping along the bottom to me - I expect more slight ups and downs throughout the year with London / the SE having the best ratio of rises to falls.

Alternatively - House prices only ever rise ...Timber!!...BTL are scum... We're all doomed etc etc

Sibley

I don't really care about prices at this moment in time.
I'm not selling and interest rates are staying put. Happy dayz.

If a 1.3% drop makes you happy then crack on.

sleepyj

Pete111 wrote: »

Hmm nice spin Brit - However, I can't help but notice that if you look at the raw numbers presented then:

1) 2011 has shown 4k+ of average HPI since Jan
2) Prices are 1k higher than in March 2010
3) Though prices are below the recent June 2011 'peak', they have increasing month by month for the last 3 months
4) Average Prices are 14k higher than 2 years ago.

That said, this looks suspiciously like bumping along the bottom to me - I expect more slight ups and downs throughout the year with London / the SE having the best ratio of rises to falls.

Alternatively - House prices only ever rise ...Timber!!...BTL are scum... We're all doomed etc etc

I love the way you try to sound reasonably middle of the road when it's obvious you're a VI bull :rotfl:

DervProf

Sibley wrote: »

I don't really care about prices at this moment in time.
I'm not selling and interest rates are staying put. Happy dayz.

If a 1.3% drop makes you happy then crack on.

And if prices were increasing by 10% per annum. you still wouldn't be interested ?

DaddyBear

HAMISH_MCTAVISH wrote: »

Well considering prices rose £1000 or so between march and april, you'd better hope so.

(unless you know anyone selling houses in "seasonally adjusted" prices)
:rotfl:

And of course you'll be the first to moan when someone uses a non-seasonally adjusted figure in the second half of the year. :cool:

Graham_Devon

Pete111 wrote: »

Hmm nice spin Brit

WHERE is the spin!

Please. Someone tell me! It's a link to what Nationwide have stated. How is that brit spinning anything?!

LOL. This is class.

Pete111

sleepyj wrote: »

I love the way you try to sound reasonably middle of the road when it's obvious you're a VI bull :rotfl:

Sorry - will try to froth more.

For the record I am quite bullish but on the VI front I'm not really that bothered - We have two properties and the one we don't live is making us lots in rental so it's win/win really.

ruggedtoast

Nominal or not, this isn't the news that priced out first time buyers, or those hoping to trade up have been waiting for.

There are presumably only going to be so many months until mortgage lending opens up again, which will put another floor under prices in desirable parts of the country.

Meanwhile the coalition has done a pretty effective job at continuing the hatchet job on first time buyers that Labour started.

• Local authorities able to opt out of house building.
• Garden grabbing outlawed.
• Continued support for buy to let.
• Very little new house building.
• ZIRPing unabated.
• Still no sign of secure tenancies for private renters.