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Nationwide November - 0.5% Mom


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#1 ronpember

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Posted 30 November 2009 - 07:52 AM

Well that's my best guess - anyone know when they are due out?
Predictions for end 2012 made on 30 December 2011

1. HPI 2-3% up yoy using Nationwide index
2. FTSE @ c.4900
3. GBP/USD = 1/1.65
4. GBP/EUR = 1/1.30

#2 interestrateripoff

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Posted 30 November 2009 - 07:55 AM

No Houseprices can only go up you fool.
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

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#3 Frank Hovis

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Posted 30 November 2009 - 07:57 AM

Given that Dubai has exposed that property bubbles will burst, dropping 60% in one year, I suggest:


+0.2%


Because there are a lot of stupid people out there.

Edited by Frank Hovis, 30 November 2009 - 07:57 AM.

High house prices - wrecking economies worldwide since 2003

#4 Captain Cavey

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Posted 30 November 2009 - 08:01 AM

Well that's my best guess - anyone know when they are due out?

Tomorrow and +0.4% according to Forex

..and at same link, Halifax +0.8%

Edited by Captain Cavey, 30 November 2009 - 08:03 AM.

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#5 Sybil13

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Posted 30 November 2009 - 08:15 AM

Both Nationwide and Halifax however, are about to predict a 10% increase by April 2010

Foundations Laid for Housing Recovery

It's time to start practising chatting about house prices again, as figures showing UK property inflation heading quickly towards double digits will be announced this week. The remarkable recovery in property values will see the annual change in prices turn from an 18 per cent fall to a 10 per cent increase in less than a year.


Despite Nationwide Giving a Gloomy Forecast For the UK Economy and Housing Market only last week!!!

And Mortgage Rates Up Ahead of Double Dip Recession

Government-backed banks raised mortgage rates and introduced stricter lending criteria last week amid concerns that this year’s house-price recovery is not sustainable.

Northern Rock, which has boosted lending in recent weeks, increased its market-leading five-year fix for remortgages from 4.99% to 5.39%, while the equivalent deal for homebuyers went up from 4.99% to 5.29%. Both require a 30% deposit. It also withdrew best-buy three-and four-year fixed-rate deals at 4.39% and 4.79% that were available exclusively via brokers, in an attempt to slow the flow of business.



#6 expatowner

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Posted 30 November 2009 - 08:45 AM

its up, up and away from here.
clear blue skies ....... :D

#7 neil324

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Posted 30 November 2009 - 08:52 AM

FFS ?

Can you have a better title next time you noob! I thought it was the actual Nationwide data at first.

#8 Bloo Loo

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Posted 30 November 2009 - 09:06 AM

asking prices...always go up when people are confident.

I wonder how another 50bn in assets lost is going to affect bankers confidence.
WARNING

Your
country is at risk
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on a gilt or other loan secured on it





#9 arby1

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Posted 30 November 2009 - 10:12 AM

FFS ?

Can you have a better title next time you noob! I thought it was the actual Nationwide data at first.


totally agree- just a bit of vain attention seeking on his part. Let this thread die and start a new one tomorrow when we know what the real numbers are.

#10 blankster

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Posted 30 November 2009 - 10:22 AM

Up more likely than down. Much lower mortgage payments for lots of people have taken up the slack in house overpricing, so asking prices haven't needed to keep falling.

Also, although people need to save for bigger deposits these days and it's not easy, as time goes by more and more people will have saved sufficient funds.

Edited by blankster, 30 November 2009 - 10:24 AM.

King of the unexplained edit.
And now also....."probably the greatest dunce on these forums" !!!!!
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#11 Bloo Loo

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Posted 30 November 2009 - 10:53 AM

Up more likely than down. Much lower mortgage payments for lots of people have taken up the slack in house overpricing, so asking prices haven't needed to keep falling.

Also, although people need to save for bigger deposits these days and it's not easy, as time goes by more and more people will have saved sufficient funds.


course, this makes the UK competitive in World Markets how exactly?
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it





#12 Caveat Mortgagor

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Posted 30 November 2009 - 11:33 AM

These figures really dont count for anything.

1.) The nationwide figure is how much has been approved for a mortgage - this will always be higher than the completed price. Its interesting to note that no attempt is ever made to record the difference between approval and completion price in the same way as completed prices are compared to asking prices. I would be keen to know if the completed prices of houses bought with Nationwide mortgages have gone up in line with the approvals or if the gap has widened.

2.) Even completed prices are subject to skewing. Hometrack report today shows that only 37% of the country is experiencing rises, biut overall prices have risen by 0.2%

The only relevance to these figures is the impact they have on the mindset of sellers, by virtue of the way house prices are reported in the media! It was interesting to see the video of the couple in Dubai over the weekend. The womans comments gave the impresion that they have reached the 'Fear' stage already. How long before that happens in the UK??

Edited by Nick Dastardly, 30 November 2009 - 11:41 AM.


#13 Goat

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Posted 30 November 2009 - 11:34 AM

totally agree- just a bit of vain attention seeking on his part. Let this thread die and start a new one tomorrow when we know what the real numbers are.


We call them bulls.
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