Graph !!!!!! 2 - The next Generation

obsessed_saver

I don't mind it being on here, for the record. So it easier to see the difference next month, and the following months.



Anyone find the previous months bar charts? Sure like to see those shrinking blue bars.

Gorgeous_George

ginvzt wrote: »

Has anyone wondered or could explain why Nationwide average house price is much lower than Halifax? Surely they are working the date from the same market? Yet, the max average house price from Nationwide is October 2007 at £186,044 and Halifax is August 2007 at £199,770...

Forgive me, I did maths as my degree (well, all three of them...)

Nationwide repelled the greed of the carpetbaggers and, as a mutual Building Society, can offer lower interest rates on their mortgages. This means that their customers can afford to pay more and therefore they buy slightly better houses.



GG

ultra10

http://news.bbc.co.uk/1/hi/business/7534052.stm

That looks like a ski jump..it is that steep !! :eek:

Guy_Montag

ultra10 wrote: »

http://news.bbc.co.uk/1/hi/business/7534052.stm

That looks like a ski jump..it is that steep !! :eek:

Ski jumps go up at the bottom

m00m00

Guy_Montag wrote: »

Ski jumps go up at the bottom

so do dead cats, briefly, if you drop them from high enough

Paul_N_4

Update:

obsessed_saver

They need to extend the y-axis downwards soon.

TDS_2

Nice update, though I'd expect the curves to level off (at ~10%) in the next couple of months. Can anyone post a pic of the real cost of houses - that curve's gonna keep on falling.

kingkano

Why do they publish this 'mortgage approvals' figure without any reference to a percentage, or the number of mortgage applications? if only 36000 people applied then obviously thats the max that could be approved! If however 100000 applied then it makes for a different figure surely?

IveSeenTheLight

TDS wrote: »

Nice update, though I'd expect the curves to level off (at ~10%) in the next couple of months. Can anyone post a pic of the real cost of houses - that curve's gonna keep on falling.

Of course they will.
We are almost at the anniversary of the UK average house peak, therefore the graph will not be comparing a depreciating cost against an appreciating cost a year earlier.

You may even see the graph turn upwards if the YoY depreciation rate drops less than it has in the last year.

I had a look at the statistics from CML http://www.cml.org.uk/cml/statistics Looking at HP8 (DCLG house prices at mortgage completion stage, all houses, UK regions.

I made up a graph for it and it is not showing the drops as shown in the previous few posts.
The data in CML is : -

Jul - 218,288
Aug - 219369
Sep - 220,111
Oct - 220,111
Nov - 218,865
Dec - 218,007
Jan - 221,130
Feb - 217,089
Mar - 217,344
Apr - 218,875
May - 218,151

Why is the CMLfigures so different from Halifax's and Nationwides?