Halifax -0.5% MoM -2.3% YoY

JonnyBravo

Thrugelmir wrote: »

In the same way that the era 1999-2007 skews the 2.9% graph.

A return to pre-boom lending standards is influencing the market.

Wouldn't disagree with what you're saying here at all.

JonnyBravo

Thrugelmir wrote: »

Where's high wage inflation going to come from in the current economic squeeze?

What's high?

Wages ARE increasing. The settlements ARE higher than a year ago. We're now 3 years down the line from the crash.
At it's worst I got 1.5% and last year over 3%. (No role change, just yearly "inflationary" rise.) It'll only be higher again next year IMO.
I have no idea whether its QE money or whatever but wages are inflating.
It's been creeping up for ages and I can't see it changing.

https://forums.moneysavingexpert.com/discussion/comment/35186745#Comment_35186745

Really2

Graham_Devon wrote: »

I have faced the facts, I've not disputed any of the numbers which you imply I have.

You are simply trying to get me to look at them in another way, which you wont be able to do.

You also won't provide a list as you know exactly what my point is. Lists may not make markets no. But they do prove stark reality. A reality which it's pretty obvious many want to hide away from.

Fair enough,

The reason I won't provide a list is when ever I ask you to do anything similar, you don't. You generally ignore me when I do.

So a game of who can make the longest list does not interest me.

If you made a list in 2008, 2009, 2010 where would you have house prices now?
I have nothing to prove, my mind tends to flow between the two extremes, my forecasts have been over bearish from the start of 2008.

If we made a list, what would it prove, how wrong assumptions set on a mindset are?

Rinoa

Considerable activity in the market this past few months. BoE mortgage approvals are the highest for 20 months.

And today Connells surveyors are reporting remarkable increases both MoM and YoY.

http://www.mortgageintroducer.com/mortgages/241462/4/Daily_news/Mortgage_market_picked_up_in_September.htm

Takes a little while for increased sales to work their way through to prices, but work through they will.

Graham_Devon

Really2 wrote: »

Fair enough,

The reason I won't provide a list is when ever I ask you to do anything similar, you don't. You generally ignore me when I do.

So a game of who can make the longest list does not interest me.

If you made a list in 2008, 2009, 2010 where would you have house prices now?
I have nothing to prove, my mind tends to flow between the two extremes, my forecasts have been over bearish from the start of 2008.

If we made a list, what would it prove, how wrong assumptions set on a mindset are?

Alright. Didn't mean to upset you.

Just wondered what you thought may lift prices, that's all, as I struggle to think of anything that will lift them.

Graham_Devon

Thrugelmir wrote: »

Where's high wage inflation going to come from in the current economic squeeze?

Don't think it will. Again, was just responding to Johnny's point

Thrugelmir

Rinoa wrote: »

Takes a little while for increased sales to work their way through to prices, but work through they will.

Buyers market at the current time. So no sign of upward pressure on prices.

Really2

Graham_Devon wrote: »

Alright. Didn't mean to upset you.

I am not upset, nor do I know what I have done to give that impression.

But no need for me to play graham, you have proved to me so many times in the past that ignoring those sorts of questions is best.

Of cause you can't make out the reason I am not answering either is because of me not knowing of anything, otherwise we would have to assume that is always the reason you never answer some questions also.;)

I do not think prices will increase so I am unsure why you think I think that?
But I don't see them really falling either. (but perhaps that is where you see not falling as rising, bull etc. etc.?)

So I would have reasons why they would fall a bit and rise a bit to cause stagnation, I tend to counter my thoughts rather just looking at one thing such as falls.

Economics conditions are bad but we have a shortage of houses near towns with jobs. People want to buy, but can't get a mortgage.
Prices are were they are now because of those reasons and many more, and I can't see any of those reasons drastically changing, so neither will my outlook.

Really2

Graham_Devon wrote: »

Just wondered what you thought may lift prices, that's all, as I struggle to think of anything that will lift them.

See, good job we never made those lists. I never had QE on it.;)

geneer

HAMISH_MCTAVISH wrote: »

Also worth noting the bears favourite measure, the 3mo on 3mo, is actually positive and improving.

But now the bulls favourite eh. zzzzzzzzzz:rotfl:

Don't worry, I'm sure the traditional winter bounce will help your quarterly figures.


Anyway, -0.5% Get in.

2 nil to the bears for this months Numberwang.