Jump to content
House Price Crash Forum
crown

Nationwide Monthly Housing Data +1.2% Mom

Recommended Posts

Quite nervous about this one. There has definately been an increase in activity, I just hope the buyers have been playing hard ball and getting some decent reductions. If its negative then its full steam ahead for the next 12 months.

Its been a long, hard night shift so I hope I have something decent to start my weekend with.

Share this post


Link to post
Share on other sites

If it's positive, the media will go potty and say the recovery is here!

If its negative, the media will hang on the inevitable single positive comment and say the recovery is here!

Share this post


Link to post
Share on other sites
If it's positive, the media will go potty and say the recovery is here!

If its negative, the media will hang on the inevitable single positive comment and say the recovery is here!

Bouncy bouncy meow

Share this post


Link to post
Share on other sites

winesmiley.gifwinesmiley.gifwinesmiley.gif

Edit to add:

So now you know what happens when approvals continue to rise and supply falls.

Edited by Rinoa

Share this post


Link to post
Share on other sites

I bet all the editors at the BBC, Times and Daily Express have just had a major case of premature ejaculation and are now knee deep in seminal fluid!

I thought it was going to be positive, but it'll be reversed in a month or two!

Share this post


Link to post
Share on other sites

BBC News stuck with MP Bill Cash as the headline (ideal surname for this). A 1 minute article that Nationwide said rise was 1.2%. Also said that they indicated a 1 month rise earlier in the year followed by a drop. Now a woman prosecuted for fraud to try and and get her kid into a school nowhere near where she lived.

Share this post


Link to post
Share on other sites
244,000 people lost their jobs in the first quarter. Yet house prices are rising.

Yeah righto!

Thats right.

If the figures had been negative they'd be accurate, but positive ones are obviously fake.

BURN THE WITCH!!!!

Share this post


Link to post
Share on other sites

The BOE must have been very worried about this happening. The last thing they want to see is house prices booming this early on. If this turns into another crazy last gasp debt fuelled push it will just make the next downturn even worse if that is possible.

Gordon Brown on the other hand must have been praying for this every day. A boom now and snap election in the Autumn could see Labour re-elected.

Share this post


Link to post
Share on other sites
winesmiley.gifwinesmiley.gifwinesmiley.gif

Edit to add:

So now you know what happens when approvals continue to rise and supply falls.

The more reliable quarter-on-quarter measure revealed house prices fell by 0.5%

"During the downturn of the early 1990s, there were many months during which prices rose, only to fall back down again in subsequent periods," said Nationwide's Chief Economist Martin Gahbauer.

"In the current downturn, the combination of rapidly rising unemployment and tight access to credit implies that the last of the price declines has probably not been seen yet."

Silly Columbo

Edited by pete.hpc

Share this post


Link to post
Share on other sites
Thats right.

If the figures had been negative they'd be accurate, but positive ones are obviously fake.

BURN THE WITCH!!!!

Wake up, It's all to do with confidence!

Share this post


Link to post
Share on other sites
Thats right.

If the figures had been negative they'd be accurate, but positive ones are obviously fake.

BURN THE WITCH!!!!

Actually a positive 1.2% is as fake as a negative 1.2%, the reality lies somewhere in between as the blips of such low transactions are smoothed out.

The trend is your friend. Crash continues. :)

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.