Debate House Prices


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Nationwide Jan: +0.5% MoM 0.0% YoY

2

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
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    shortchanged wrote: »
    Funny way of interpreting a rise Hamish.

    +0.5% in a month isn't a rise? :rotfl:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Land Registry + 1.7%

    Halifax + 2.4%.

    ONS + 2.1%

    Acadametrics + 3.2%

    Nationwide +0.0%

    Rightmove + 2.3%
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    HAMISH_MCTAVISH wrote: »
    Land Registry + 1.7%

    Halifax + 2.4%.

    ONS + 2.1%

    Acadametrics + 3.2%

    Nationwide +0.0%

    Rightmove + 2.3%
    Last time i checked, 0.0 doesnt neet a plus sign in front of it.
  • System
    System Posts: 178,159 Community Admin
    10,000 Posts Photogenic Name Dropper
    HAMISH_MCTAVISH wrote: »
    Land Registry + 1.7%

    Halifax + 2.4%.

    ONS + 2.1%

    Acadametrics + 3.2%

    Nationwide +0.0%

    Rightmove + 2.3%

    All those different methodologies and all that different data, and they are all within a couple of percent, it's pretty impressive really.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Joeskeppi wrote: »
    All those different methodologies and all that different data, and they are all within a couple of percent, it's pretty impressive really.

    Presumably it's a matter of time until someone claims a conspiracy.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Presumably it's a matter of time until someone claims a conspiracy.

    They seem to have moved past conspiracy and on to the Scooby Doo defence....

    "We'd have got our price crash if it wasn't for [STRIKE]those pesky kids[/STRIKE] FFL, ZIRP, QE, etc"
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    They seem to have moved past conspiracy and on to the Scooby Doo defence....

    "We'd have got our price crash if it wasn't for [STRIKE]those pesky kids[/STRIKE] FFL, ZIRP, QE, etc"

    It wouldn't surprise me to see a demand led squeeze pushing up house prices for the next year or two. Hopefully the Tories' rule changes will mean that supply can react more easily to keep a lid on things in the mid term, especially when combined with limits on bank lending resulting from Basel III or what remains of it!
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    It wouldn't surprise me to see a demand led squeeze pushing up house prices for the next year or two.

    I suspect more like the next decade or two....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    HAMISH_MCTAVISH wrote: »
    Land Registry + 1.7%

    Halifax + 2.4%.

    ONS + 2.1%

    Acadametrics + 3.2%

    Nationwide +0.0%

    Rightmove + 2.3%

    Hmmm...this sure looks more significant than 'noise' now :)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    I suspect more like the next decade or two....

    Maybe. The Tories seem to have introduced a series of laws that allow supply to react to demand. Hopefully, banks and builders can respond to rising prices by increasing the supply of houses rather than with the supply of mortgages.

    As ever, time will tell.
This discussion has been closed.
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