Monday, Apr 13, 2009
Are Nationwide falseifying figure
Nationwide House price Index July 2007: Nationwide house price Index Jully 2007
Are the Nationwide falsifying their long term trend figures? If you scroll down in the press release from July 2007, you will notice they are reporting a long term trend of 2.7% a year. Since then we have had a fall of nearly 20% and they are now reporting a long term trend of 2.9% as featured on the right hand side of this website.
Posted by britishblue @ 11:04 PM (993 views) Add Comment
3 Comments
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1. little professor said...
No falsifying here, bb, just basic mathematics.
Over the past 2 years, even though house prices have been falling, the average house price has still been above the trendline. Therefore the trendline will have been increasing over this time.
We have only just crossed the trendline. It will take several months of prices being below the trend for the trendline to fall significantly.
2. little professor said...
Back in 2001 (house prices having been booming for five years already) the trendline was only 1.5%.
3. britishblue said...
LP of course. Thanks for pointing out the obvious.