Monday, Jan 04, 2010
Interesting title by Ray, no spin
Mortgage Strategy: Nationwide's Real House Price Index ends year with a 0.4% fall
December is usually the month when Nationwide’s widely reported seasonally adjusted House Price Index shows the largest upward adjustment from the real figure and this year was no different. Thus a real fall of 0.4% in December is translated into a seasonally adjusted rise of 0.4%. This is the first real monthly fall since the market bottomed out in February and leaves the index 5.9% up on the year. Over any 12 month period the Real and Seasonally Adjusted figures must agree and so 5.9% is the annual rise on both bases.
Posted by bufferbear @ 08:39 PM (803 views) Add Comment
3 Comments
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1. paul said...
Largely ignored by most of the mainstream media. Studiously ignored by the BBC.
2. dead spider said...
It's , it's , almost as much as if the banner at the head of their monthly report which stated "Nov'09 £162,764" and Dec'09 ££162,103 had no relationship with reality .
Obviously the adjusted price going down was an increase , what are people thinking ???
Jees !!!!!
What world are you living in !!
Down is the new up !!!
3. Open Minded said...
Wow - a 0.4% change. It's not quite the 40% drop that many of the STR desperado are praying for. Still, there's always next month's figures to cross your fingers for.
How's that rented accomodation feel now? Not quite like home? And don't forget that the longer you stay in that rented room, the more you're lining the pockets of the BTL bigrade that you despise so much. It's almost poetic.