buytoilet Posted March 29, 2012 Share Posted March 29, 2012 just out on forex http://www.forexfactory.com/calendar.php down 1% Have a nice day peeps Quote Link to comment Share on other sites More sharing options...
marlint Posted March 29, 2012 Share Posted March 29, 2012 Decent drop in this month's figures Quote Link to comment Share on other sites More sharing options...
neon tetra Posted March 29, 2012 Share Posted March 29, 2012 http://www.nationwide.co.uk/hpi/historical/Mar_2012.pdf -1% MoM, -0.9% YoY. Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted March 29, 2012 Share Posted March 29, 2012 The BBC are using the F word. BBC: House prices fell 1% in March, says Nationwide House prices were pushed lower than a year ago for the first time in six months after prices fell by 1% in March, the Nationwide said. The price of an average home was down 0.9% compared with a year earlier, at £163,327, the building society said. This was the biggest annual fall since June 2011. Nationwide said that the slowdown was to be expected owing to changes in stamp duty rules creating a "headwind" in an already difficult environment. "In our view the challenging economic backdrop is likely to continue to act as a drag, with house prices moving sideways or modestly lower over the next 12 months," said Robert Gardner, Nationwide's chief economist. First-time buyers must now join others in paying at least 1% tax on properties worth more than £125,000, after a two-year "stamp duty holiday" came to an end on Saturday. Meanwhile, Chancellor George Osborne announced a new 7% stamp duty threshold on properties sold for more than £2m in his Budget. The Nationwide figures, based on the lender's own mortgage data, also suggested that prices dipped in all but three regions of the UK in the first three months of the year compared with the previous quarter. The only rises were seen in the North of England, Scotland, and Greater London. 1% down? In a month? In spring? Quote Link to comment Share on other sites More sharing options...
getknk Posted March 29, 2012 Share Posted March 29, 2012 (edited) that's a hefty one.. -1% .. super duper.. Edited March 29, 2012 by getknk Quote Link to comment Share on other sites More sharing options...
neon tetra Posted March 29, 2012 Share Posted March 29, 2012 The BBC are using the F word. BBC: House prices fell 1% in March, says Nationwide 1% down? In a month? In spring? Actually up 0.4%, but seasonally adjusted down... Quote Link to comment Share on other sites More sharing options...
nmarks Posted March 29, 2012 Share Posted March 29, 2012 (edited) Green shoots? Edited March 29, 2012 by nmarks Quote Link to comment Share on other sites More sharing options...
Pent Up Posted March 29, 2012 Share Posted March 29, 2012 Actually up 0.4%, but seasonally adjusted down... Although everyone on here abuses SA figures they are very important as without them all indicies would be totally meaningless rising and falling with the seasons and giving no perspective. Like rightmove. It does have to be done properly though. Loving the -1% Stamp duty holiday well and truly over. Let's hope the trend continues! Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted March 29, 2012 Share Posted March 29, 2012 Nationwide HPI - Graph March 2001 = £85,077 March 2002 = £96,692 March 2003 = £122,180 March 2004 = £142,584 March 2005 = £153,876 March 2006 = £163,327 ... March 2012 = £162,083 Still some way to go but at least we're heading back in the right direction. When's the next round of printy printy? Quote Link to comment Share on other sites More sharing options...
Pent Up Posted March 29, 2012 Share Posted March 29, 2012 Last month revised down from 0.6 to 0.4 to. A good day Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted March 29, 2012 Share Posted March 29, 2012 Nationwide said that the slowdown was to be expected owing to changes in stamp duty rules creating a "headwind" in an already difficult environment. Surely this is to be expected after the change not before it so this 1% drop was NOT to be expected. At last, after all the props have ceased to work, it's..... Timber! Quote Link to comment Share on other sites More sharing options...
200p Posted March 29, 2012 Share Posted March 29, 2012 Crash cruise speed Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted March 29, 2012 Share Posted March 29, 2012 Actually up 0.4%, but seasonally adjusted down... About time SA threw us a bone. Quote Link to comment Share on other sites More sharing options...
admann Posted March 29, 2012 Share Posted March 29, 2012 Life support is being slowly withdrawn from the economy's brain dead Siamese twin following extensive surgery, and vital signs are weakening. Not long now ....... Quote Link to comment Share on other sites More sharing options...
singlemalt Posted March 29, 2012 Share Posted March 29, 2012 A few more months like this to get a nice trend going and we're laughing. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted March 29, 2012 Share Posted March 29, 2012 Surely this is to be expected after the change not before it so this 1% drop was NOT to be expected. This is kind of after the change: it's for mortgages taken out in March. If you're trying to complete before 24 March you've really got to take your mortgage out in February surely? Quote Link to comment Share on other sites More sharing options...
deflation Posted March 29, 2012 Share Posted March 29, 2012 (edited) Nationwide HPI - Graph March 2006 = £163,327 ... March 2012 = £162,083 Still some way to go but at least we're heading back in the right direction. When's the next round of printy printy? Forex displayed a prediction of a 0.3% rise. Slightly out then. 2006 comparison works for me. I've seen a 2 bed house near me for sale since mid Jan at £10k LESS than the £149k paid for it in Dec 2006. Another, although smaller 2 bed is being marketed at £4k more than the £123,750 it sold for in June 2005. Still keeping powder dry and in self-control, at the moment. Edited March 29, 2012 by deflation Quote Link to comment Share on other sites More sharing options...
Cranberry Posted March 29, 2012 Share Posted March 29, 2012 Last month revised down from 0.6 to 0.4 to. A good day Don't want to hijack the thread, but could someone in simple terms describe how revising down works? What's to stop a VI organisation publishing a headline grabbing figure only to quitely revise it down later ? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 29, 2012 Share Posted March 29, 2012 The nationwide numbers are way off track,. their customer base is middle class egyts with big deposits/equity who have been paying out too much for houses. The nationwide will at some point have to catch up with the halifax and land registry. We should expect big falls from the nationwide. Any big increases would just further widen the reality gap. I feel sorry for all those people who have chucked their deposits away....hey, no I dont Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted March 29, 2012 Share Posted March 29, 2012 Don't want to hijack the thread, but could someone in simple terms describe how revising down works? What's to stop a VI organisation publishing a headline grabbing figure only to quitely revise it down later ? I think you've just answered your own question. Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted March 29, 2012 Share Posted March 29, 2012 Must be galling for those who thought they'd saved themselves 1% by beating the deadline. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted March 29, 2012 Share Posted March 29, 2012 1% is more than my rent+ council tax. That's the sort of message I am pissing everyone off with today. Quote Link to comment Share on other sites More sharing options...
funinhounslow Posted March 29, 2012 Share Posted March 29, 2012 Life support is being slowly withdrawn from the economy's brain dead Siamese twin following extensive surgery, and vital signs are weakening. Not long now ....... Especially combined with a 1.2% drop in disposable income on average as reported in the Wail http://www.dailymail.co.uk/news/article-2121906/Family-incomes-worst-fall-1977-average-disposable-income-drops-1-2.html And I think that's on the low side. The cracks are starting to show... Quote Link to comment Share on other sites More sharing options...
Ah-so Posted March 29, 2012 Share Posted March 29, 2012 Must be galling for those who thought they'd saved themselves 1% by beating the deadline. The fall is seasonally adjusted only - prices actually rose 0.4%, so purchasers would have saved 1.4% buying before the deadline (plus the 1% on the 0.4%). Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 29, 2012 Share Posted March 29, 2012 Still keeping powder dry and in self-control, at the moment. It's hard though. Quote Link to comment Share on other sites More sharing options...
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