Nationwide: House prices still stagnating (0.3% rise in May)

Graham_Devon

DpchMd wrote: »

You saw the word 'prop' and then had an orgasm. But you seemingly failed to understand the point.

What was the point then?

All I stated was that even nationwide as suggesting house prices are being propped up.

So what did I do or say wrong governor?

System

The point is their definition of propped isn't about artificial government stimulus and forbearance (ie the stuff you cream yourself over) etc, but proper market forces (ie the stuff Hamish creams himself over).

So saying "even Nationwide say propped" is a bit nonsensical.

DpchMd

Joeskeppi wrote: »

The point is their definition of propped isn't about artificial government stimulus and forbearance (ie the stuff you cream yourself over) etc, but proper market forces (ie the stuff Hamish creams himself over).

So saying "even Nationwide say propped" is a bit nonsensical.

Boom. But then you knew that, didn't you Graham?

nollag2006

DpchMd wrote: »

0.3% rise in May, nothing to see here.

http://www.bbc.co.uk/news/business-18268655

House prices are still rising??

:eek::eek:

But, but, but I thought house prices were going to plummet in May, once the stamp duty holiday for FTBs and the rise in stamp duty for homes above £2m kicked in???

DpchMd

nollag2006 wrote: »

House prices are still rising??

:eek::eek:

But, but, but I thought house prices were going to plummet in May, once the stamp duty holiday for FTBs and the rise in stamp duty for homes above £2m kicked in???

But they're not really rising are they?

A 0.2% contraction last month followed by a 0.3% rise this month. It's pretty clear that the market is stagnant and has been for a while.

I do agree, though, that many people were getting very excited about April's results due to the factors youve listed. They must be a little bit disappointed.

nollag2006

DpchMd wrote: »

But they're not really rising are they?

A 0.2% contraction last month followed by a 0.3% rise this month. It's pretty clear that the market is stagnant and has been for a while.

I do agree, though, that many people were getting very excited about April's results due to the factors youve listed. They must be a little bit disappointed.

I've often felt that the market would be flat for the first half of the year, until the eurozone crisis sorts itself out.

Particularly for London, we will continue to see rising house prices in the second half of the year.

Mallotum_X

nollag2006 wrote: »

I've often felt that the market would be flat for the first half of the year, until the eurozone crisis sorts itself out.

Particularly for London, we will continue to see rising house prices in the second half of the year.

So the Eurozone crisis will be sorted by... July?

Then what, price rises or falls..? I guess it depends how its sorted, still at least its only a month or so to wait.

Thrugelmir

Mallotum_X wrote: »

So the Eurozone crisis will be sorted by... July?

Does that mean we all go on summer hols and not wonder what might happen next?

Mallotum_X

Thrugelmir wrote: »

Does that mean we all go on summer hols and not wonder what might happen next?

Yep, exactly... heard it here first

chucky

When is this crash going to happen, it's getting boring listening to the same old people telling us every couple of months that it's the next leg down or it's crash part 2.