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Nationwide flatlining.... -0.1 MOM

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$$$_12
$$$_12 Posts: 163 Forumite
in House buying, renting & selling
4.2 YOY

http://www.nationwide.co.uk/hpi/historical/Jan_2008.pdf

Isn't it about time they changed the hpi in this url to hpd?:rotfl:
«1345

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    -0.1% MoM. Not exactly Wall Street 1929. It's a rounding error.

    YoY = RPI (roughly). No real change although those buying with debt should still be breaking even annually after cost of carry.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    FYI: HPI generally means house price INDEX, not house price INCREASE like people on this board take it to mean.
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    How can they qoute numbers for January? We still have one day in Janaury and it usually takes a few days after the end of the month to get all the numbers, doesn't it?
    Spring into Spring 2015 - 0.7/12lb
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    ginvzt wrote: »
    How can they qoute numbers for January? We still have one day in Janaury and it usually takes a few days after the end of the month to get all the numbers, doesn't it?

    perhaps they run it from the 15th to the 15th or something.... it doesnt really matter does it so long as they keep it the same :rolleyes:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Its very interesting how the new buyer enquiries generally precedes the approvals.
    Of course, just because you enquire, it doesn't mean that there will be an approval.
    It will be good to see how the new enquiries affect the house sales
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • moneysavinmonkey
    moneysavinmonkey Posts: 1,213 Forumite
    $$$ wrote: »
    4.2 YOY

    http://www.nationwide.co.uk/hpi/historical/Jan_2008.pdf

    Isn't it about time they changed the hpi in this url to hpd?:rotfl:

    Thanks, if you read the report they 'seasonally adjust' (ie fiddle!) the numbers so the actual month on month decline is nearer -0.9%

    Any moneysavers waiting to buy an 'average' priced house just saved themselves nearly 2 grand since December!! congrats!! :beer:

    Dec Average Price: £182,080
    Jan Average Price: £180,473
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    moneysavinmonkey wrote: »

    Any moneysavers waiting to buy an 'average' priced house just saved themselves nearly 2 grand since December!! congrats!! :beer:

    Dec Average Price: £182,080
    Jan Average Price: £180,473

    and if they had bought in January 2007 instead of waiting they could have saved nearly 7 grand!!!!!!! :beer:
  • moneysavinmonkey
    moneysavinmonkey Posts: 1,213 Forumite
    Only 7 grand!

    At a rate of -2 grand a month (which the nationwide calls a "modest fall") only a couple more months until all gains since Jan 07 are totally wiped out. Thank god i'm not paying out dead money on mortgage interest!!
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    moneysavinmonkey wrote: »
    Only 7 grand!

    At a rate of -2 grand a month (which the nationwide calls a "modest fall") only a couple more months until all gains since Jan 07 are totally wiped out. Thank god i'm not paying out dead money on mortgage interest!!

    that would be 9 grand then

    so yeah at a rate of 2 grand a month all gains would be wiped out in 5 months time
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    in 7 years the average house will be worth nothing:eek:
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