Nationwide down 0.2%

Graham_Devon

House prices started the new year with a slight decline - falling by 0.2% in January compared with the previous month, according to the Nationwide.

The building society, the first to report on January's prices, valued the average home at £162,228.

The annual rate of house price growth slowed to 0.6% in January, from 1% in December, it added.

It repeated its outlook that prices would move sideways or modestly lower in the coming months.

All still boring...

Joe_Bloggs

What was the seasonal adjustment factor ?
This can often dominate any real world changes at this time of the year.
J_B.

ruggedtoast

timberrrrrrrrrrr

IveSeenTheLight

ruggedtoast wrote: »

timberrrrrrrrrrr

LOL, the tree's are more likely swaying in the wind than crashing to the ground.

Phil_Spencer

- £1594

1594/163882 x 100 = 0.97% fall (in a month)

it's looking like last summer was the top of the recovery.

The-Joker

RenovationMan wrote: »

the bears (this is what you call yourselves, ridiculous though it is to those who know what 'bear' and 'bull' actually means) were insisting that people should be stopped from getting easy credit.
Lilac P is right. Some people should be protected from themselves. Some people should be prevented from debting themselves up to the eyeballs and ending up getting repossessed.

I put the question to you Reno man, do you actually know the correct definition of what bull and bear actually mean?

Most property bulls now try and say lets forget the entire bull/bear thing because it is obvious now that the few remaining bulls are wrong. To be a bull you think property is in a rising market. There is very little chance of proprty rising in the near term the way the global crisis is going.

If you think property will not rise any more in the near term then you are a bear.

So really is who brave/stupid enough to stand by Hamish and a few others who are still property bulls?

Oh and yes we still have cheap easy credit, people are still getting credit they will struggle to pay for when interest rates go back to normal and property continues in its bear market.


It is looking very likely those in the 50% club will be spot on, we are looking at a 50% real term fall from top to bottom. We are around half way through, but who knows maybe the 70% club could still be right. I am firmly in the 50% club though we shall see.

MrRee_2

0.2% of F All ... is still F All ...

The transaction levels are so low now - due to no stock coming to market - that the % falls or rises are pretty much redundant.

All I know is that everything around my way is either SOLD or UNDER OFFER ..... there is next to nothing For Sale - or, worryingly, nothing new coming to market.

If anything appears it is snapped up within an hour.

CRASH_BANG_WALLOP

MrRee wrote: »

0.2% of F All ... is still F All ...

The transaction levels are so low now - due to no stock coming to market - that the % falls or rises are pretty much redundant.

All I know is that everything around my way is either SOLD or UNDER OFFER ..... there is next to nothing For Sale - or, worryingly, nothing new coming to market.

If anything appears it is snapped up within an hour.

dude you are real worried. man all this ramping is doing you no good. i bet you are in debt up to your eyeballs :eek:

there are tonnes of property on right move dude but nobody is buying

neas

TIMMMMMMMMMMMMMMMBBBBBBBBBEEERRR

And yes i bought my property in 06/10, coming up to 2 years living here and house prices not moved much in that time. Then again think i got a good deal on the property

noodle_doodle

The-Joker wrote: »

It is looking very likely those in the 50% club will be spot on, we are looking at a 50% real term fall from top to bottom. We are around half way through, but who knows maybe the 70% club could still be right. I am firmly in the 50% club though we shall see.

I think we're below 70%. It's been over 4 years since the peak of the housing market, prices have dropped nominally, and inflation has been about 5% each year since then

What didn't happen was what a load of STRs were hoping for i.e. they sell their houses and *ping* 12 months later, houses are 50% cheaper, with a nice profit / trade-up as they buy back in.

The balloon is being allowed to go "pllplllplplplprrrp" round and round the room rather than getting burst with a pin.

Graham_Devon

noodle_doodle wrote: »

"pllplllplplplprrrp"

Thanked, just for that!