May Nationwide MoM +0.3% YoY -1.2%

Spiv_2

Full Report here

http://www.nationwide.co.uk/hpi/

Sibley

If the figure had been negative we would have been subjected to a bear ' It's here' day.

I'm glad it was positive only for that reason.

The market has stagnated. I don't know how many times the bears need to hear that before it sinks in.

Good news.

Blacklight

With every month of stagnation prices continue to fall in real terms.

Unfortunately for the shortsighted few that prayed the UK would sink into anarchy to get a cheap deal, they have either lost their jobs or had to take a pay cut, which means they still can't afford to buy. How could you not see that coming while you campaigned for total economic collapse and reveled at every story of repossession?

There are still one or two nutters out there keeping their fingers crossed for massive interest rate hikes to bring prices down further, but again they've failed to comprehend the outcome for them if it did happen.

DervProf

Blacklight wrote: »

Unfortunately for the shortsighted few that prayed the UK would sink into anarchy to get a cheap deal, they have either lost their jobs or had to take a pay cut, which means they still can't afford to buy. How could you not see that coming while you campaigned for total economic collapse and reveled at every story of repossession?

Unfortunately, the shortsighted many fell into the trap of HPI = good, increasing debt = good, and now wonder why we are where we are today. These visually challenged individuals now want their easy credit back again to make things better.

Orpheo

As soon as I saw these figures I $hat myself and bought a newbuild 1 bed flat.

shortchanged_2

Orpheo wrote: »

As soon as I saw these figures I $hat myself and bought a newbuild 1 bed flat.

I hope you took out one of the excellent shared equity schemes. :rotfl:

Graham_Devon

Blacklight wrote: »

With every month of stagnation prices continue to fall in real terms.

Unfortunately for the shortsighted few that prayed the UK would sink into anarchy to get a cheap deal, they have either lost their jobs or had to take a pay cut, which means they still can't afford to buy. How could you not see that coming while you campaigned for total economic collapse and reveled at every story of repossession?

There are still one or two nutters out there keeping their fingers crossed for massive interest rate hikes to bring prices down further, but again they've failed to comprehend the outcome for them if it did happen.

What each and every one of them? I suppose thats justice for wishing evil on the nation.

I do like the overall "shortsighted, nutters" stuff who have "failed to comprehend the outcome" line. That kinda puts us all in the same boat really doesn't it....as no one predicted the crash, the intensity of the crash, the rebound, and the now calm before the storm (yes, I do believe that....we still have countries which will default yet if you hadn't noticed).

Truth is, it is stagnant at the moment. Stagnant because we've done everything we can to prevent a crash, have few options left, but face uncertanties from every which angle.

Certainly, the weight of the balance at this moment in time hangs on price falls. It would take some fine trickery to pull the balance back to rising prices in the face of everything....that trickery is a possibility, but it would be prudent to remember thats all it is....trickery. Can't last. All it can do is prolong...appeasing no one really. Which I guess is why we have a growing number of what the media call "zombie households".

chucky

i really hope this crash that the nutters are hoping/wishing for would hurry up. cue 15 pages of the usual nonsense of why it's will happen

house prices go up, house prices goes down and then they go up - people should just get over themselves.

doire_2

Blacklight wrote: »

With every month of stagnation prices continue to fall in real terms.

Unfortunately for the shortsighted few that prayed the UK would sink into anarchy to get a cheap deal, they have either lost their jobs or had to take a pay cut, which means they still can't afford to buy. How could you not see that coming while you campaigned for total economic collapse and reveled at every story of repossession?

There are still one or two nutters out there keeping their fingers crossed for massive interest rate hikes to bring prices down further, but again they've failed to comprehend the outcome for them if it did happen.

And how do you know this?

brit1234

You may also get a bit of a rise from Halifax this month and both might be a bit static next month but should be falls from then on in. Hopefully some big ones.

Transactions are so small that it is going to be a bumpy road down. However we saw the same little bumps in 2008 on that downward spiral.

Orpheo

shortchanged wrote: »

I hope you took out one of the excellent shared equity schemes. :rotfl:

No, but I did max out my borrowing on an IO mortgage. Can't go wrong, bricks 'n' mortar 'n' all that...