Nationwide October: +0.4% MoM, +0.8% YoY

joguest

Thanks to rantnrave over at HPC for pointing this out - the QoQ figure that Nationwide (and many bulls) have been trumpeting as being more reliable for several months has just gone negative at -0.2%

nollag2006

joguest wrote: »

Thanks to rantnrave over at HPC for pointing this out - the QoQ figure that Nationwide (and many bulls) have been trumpeting as being more reliable for several months has just gone negative at -0.2%

Another straw for you to clutch at, eh?

Enjoy

:j

HAMISH_MCTAVISH

joguest wrote: »

Thanks to rantnrave over at HPC for pointing this out - the QoQ figure that Nationwide (and many bulls) have been trumpeting as being more reliable for several months has just gone negative at -0.2%

:rotfl:

Wow. Took you a while to scrape the bottom of the barrel and find that crumb of comfort.;)

Still waiting for your response to previous posts.

Especially interested in your rather unique definition of "mix adjustment".
(see post 25:D)

joguest

@McTavish

Who said they use the median of anything? Have you got some evidence to back this up?

And getting back to the subject of miserable, grey, upper-scottish cities - Dundee's asking prices are down 17% from 2007 (home.co.uk), which probably means actual prices are down 25-30%. Aberdeen might be withstanding the overall trend, but that's because it's a one-trick pony and is doing quite nicely because of the price of oil (even the Daily Mail has worked that one out: http://www.dailymail.co.uk/property/article-2028793/Soaring-energy-prices-make-Aberdeens-property-market-strongest-London.html). The price of oil isn't doing much good for the rest of the UK though.

joguest

HAMISH_MCTAVISH wrote: »

:rotfl:

Wow. Took you a while to scrape the bottom of the barrel and find that crumb of comfort.;)

Still waiting for your response to previous posts.

Especially interested in your rather unique definition of "mix adjustment", see post 25:D

It's not a crumb of comfort. I posted the YoY and MoM figures as the OP. I wasn't looking for my own biased view of the figures. All I'm doing now is pointing out that the same QoQ that the bulls and Nationwide have been trumpeting recently is now being ignored as it doesn't fit with your prejudice.

Graham_Devon

HAMISH_MCTAVISH wrote: »

:rotfl:

Wow. Took you a while to scrape the bottom of the barrel and find that crumb of comfort.;)

Still waiting for your response to previous posts.

Especially interested in your rather unique definition of "mix adjustment".
(see post 25:D)

Careful now Hamish.

Here's you, using the same "crumb" to comfort yourself when Halifax fell 1.2% in a month:

http://forums.moneysavingexpert.com/showpost.php?p=46704995&postcount=19

HAMISH_MCTAVISH

joguest wrote: »

@McTavish

Who said they use the median of anything?

You did, here.....

joguest wrote: »

The figures discussed yesterday were an average for the whole of the country, meaning that probably around half of the country experienced a larger fall than 2.8% over the last year.

Or are you trying to backtrack now, and claiming that when you said "around half the country experienced a larger fall than 2.8%", you weren't implying that was the median?

joguest wrote: »

And getting back to the subject of miserable, grey, upper-scottish cities - Dundee's asking prices are down 17% from 2007 (home.co.uk), which probably means actual prices are down 25-30%.
.

Actual sold prices.

Dundee average house price Aug 2007 = £130,000

Dundee average house price Aug 2011 = £122,000

Decline of 6.2%.... And it's one of the worst areas in Scotland.;)

nollag2006

Anyone got the link to the HPC discussion on this?

They must be utterly despairing. I'd love to see what slant they've given it

geneer

nollag2006 wrote: »

Uh, oh !! Looks like this thread has really got the bears upset.

Oh dear - the truth hurts sometimes.

Ohhhhhhhhh! Looks like the Bulls have scored an own goal.

Also from Nationwide, the Q3 report.

Average prices were down year-on-year in 8 out of 13 regions in Q3

Thats gotta hurt. Especially if your someone with a hankering for YOY figures.

Graham_Devon

Why am I in your signature Nollag?