Nationwide: house prices edged lower in August

This is the discussion thread for the following MSE News Story:

"House prices fell slightly last month but the market is relatively stable, the mortgage lender said today ..."
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Nationwide: house prices edged lower in August


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Comments

  • J_i_m
    J_i_m Posts: 1,342 Forumite
    Yes... I think we can predict the general theme of these stories.

    August.. house prices drop by 0.something%
    September prices rise by 0.canbarleynoticeit%
    October, prices stay the same
    Novemebr prices drop by 0.5%

    and along those lines.
    :www: Progress Report :www:
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    Deposit: £23'000
    Mortgage approved for: £84'000
    Exchanged: 2/3/16
    :T ... complete on 9/3/16 ... :T
  • So what is the trend for the last year?

    now waiting on Halifax figures
  • dippy
    dippy Posts: 290 Forumite
    0.6% down month-on-month and 0.4% down year-on-year.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Good news. House prices should fall for the next months. That includes Halifax and Land
    Registry however the Registry figures are likely to be up next month due to their lag.

    House prices are still extremely overvalued with the main indicators making continual falls likely.
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  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    brit1234 wrote: »
    Good news. House prices should fall for the next months. That includes Halifax and Land
    Registry however the Registry figures are likely to be up next month due to their lag.

    House prices are still extremely overvalued with the main indicators making continual falls likely.

    Poor old brit. You're not all that strong on house price predictions, are you?

    I recall your now infamous Spring 2009 prediction of house price falls of 50% by Christmas, and yet house prices rose by 10% and even more in your own borough of Hounslow.

    Shame about that.

    House prices flat in the midst of a faltering recovery is hardly news.

    What happens as the recovery gains pace, and banks start to lend again?
  • dimbo61
    dimbo61 Posts: 13,716 Forumite
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    105,000 new houses built this year and HUGE demand for housing !!!
    Prices will start to rise but with the strict lending from banks and building societies it will be a slow process
  • nollag2006 wrote: »
    Poor old brit. You're not all that strong on house price predictions, are you?

    take out the seasonally adjusted nonsense and last months fall was in actual numbers a rather pleasant -1.6%
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