Thursday, Sep 30, 2010
+0.1% MoM 3.1% YoY
Nationwide: September Index
Commenting on the figures Martin Gahbauer,
Nationwide's Chief Economist, said:
“September proved to be an uneventful month for house
prices. The seasonally adjusted price index for a typical
UK property was essentially unchanged in September,
edging up by a marginal 0.1% from its August level.
That left the annual rate of house price inflation at 3.1%,
down from 3.9% in August and 6.6% in July. The three
month on three month rate of change – a good indicator
of the near term price trend – fell from 0.0% in August
to -0.9% in September. This represents the first
negative reading for the three month rate of change
since May 2009 and is consistent with the clear
loosening of housing market conditions observed over
the summer months."
Posted by phdinbubbles @ 07:16 AM (546 views) Add Comment
3 Comments
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1. paul said...
Ahh the magical 0.1% returns!!
Funny how you never get a 0.1% fall now, isn't it?
2. Nick said...
Do Nationwide also publish the 'unadjusted' prices, i.e. the raw data?
3. mick rupert said...
What a load of transparently fake baloney.
One has to wonder whether the Nationwides have some Sovietesque bureaucrat making "recommendations" for their monthly reports!