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TheCountOfNowhere

Nationwide Figuren Is 0.005578%

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Just looked at the actual nationwide figure:

Last Month - 169162

This month - 170111

I make that as 0.005578 %, just about able to round it up to 0.1%

If people had offered £100.00 less on average then it would have been: 0.0049% and would have been rounded down to 0.

The nationwide figures reek of VI manipulation ( £100.00 to make it go positive, coincidence ?) and the BBC should be ashamed at their headlines/ramping, they really outght to be held accountable for their part in the biggest ponzi scheme in history.

Great spring bounce. The market has peak again, the dead cat has bounced.

Cant wait for the winter depression :lol:

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something about your numbers doesn't quite add* up but i like the the cut of your jib anyway.

* - the prices you quote are NSA, the NSA MoM increase is sadly 0.56% rather than 0.0056% [you need to multiply by a hundred to get a percentage]. the SA MoM increase is in fact 0.089%.

Edited by the flying pig

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I've been wondering about this +0.1% figure for a while - nice to see some flesh on the bones.

Makes you wonder how many sales were shuffled into the appropriate month to make this number positive. If we are down to £100 a house then it wouldn't take many given the vast swathes of money people are wielding to buy a pile of bricks.

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Actually I make that

170111 -

169162 =

------

949

94900 / 169162 = 0.561000698

:blink: What have I done wrong?

ED: Aah, thank you Mr *******. Seasonal adjustment downwards?

Double ED: swear filter bypass.

Edited by yellerkat

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Just looked at the actual nationwide figure:

Last Month - 169162

This month - 170111

I make that as 0.005578 %, just about able to round it up to 0.1%

I make it 0.56%. However, I do agree the market doesn't look good if you are trying to sell.

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Actually, i've just noticed 0.005578n rounds up to 0.1%....which should be rounded down to 0.0% !!!!

Can someone verify this please ???????

I've just checked, from their report we have

May: 169,162

June: 170,111

1-(169162/170111) = 0.0055686

Which round up to 0.01, which rounds down to 0.

0.1 is round....blatently wrong.

Are the sesonally adjusting UP ? I have thought down was the way to go ?

Edited by TheCountOfNowhere

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Actually, i've just noticed 0.005578n rounds up to 0.1%....which should be rounded down to 0.0% !!!!

Can someone verify this please ???????

Count, don't get carried away.

Whichever way you look at it, this is just a minuscule "increase", soon to be reversed.

Thta's all that matters :)

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Count, don't get carried away.

Whichever way you look at it, this is just a minuscule "increase", soon to be reversed.

Thta's all that matters :)

If only that were true...when the national broadcaster has an inaccurate headline saying prices going up based on a 0.01% increase something is wrong..something shouldbe done about it.

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Actually, i've just noticed 0.005578n rounds up to 0.1%....which should be rounded down to 0.0% !!!!

Can someone verify this please ???????

I've just checked, from their report we have

May: 169,162

June: 170,111

1-(169162/170111) = 0.0055686

Which round up to 0.01, which rounds down to 0.

0.1 is round....blatently wrong.

Are the sesonally adjusting UP ? I have thought down was the way to go ?

170111/169162 - 1 = 0.0056 = 0.56%. So it looks like quite a hefty seasonal adjustment down if they are reporting it as 0.1%.

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Looks ok to me, the figures are:

Jun-09 £156,442 NSA £154,918 SA

...

May-10 £169,162 NSA £168,302 SA

Jun-10 £170,111 NSA £168,424 SA

MoM is done with SA figures, so 100*(168424/168302 - 1) = 0.073 and rounds to 0.1%

YoY is done on NSA, so 100*(170111/156442 - 1) = 8.7%

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Looks ok to me, the figures are:

Jun-09 £156,442 NSA £154,918 SA

...

May-10 £169,162 NSA £168,302 SA

Jun-10 £170,111 NSA £168,424 SA

MoM is done with SA figures, so 100*(168424/168302 - 1) = 0.073 and rounds to 0.1%

YoY is done on NSA, so 100*(170111/156442 - 1) = 8.7%

All on a volume of ........ er, miniscule.

Anyone know if they ever publish the volumes?

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Actually I make that

170111 -

169162 =

------

949

94900 / 169162 = 0.561000698

:blink: What have I done wrong?

ED: Aah, thank you Mr *******. Seasonal adjustment downwards?

Double ED: swear filter bypass.

FWIW, I agree with Yellerkat's workings.

You do have to wonder what's up at the Beeb - check out the headlines from the real news sites:

FROM OTHER NEWS SITES

The Independent Property market stalls amid recovery fears

Telegraph House prices will fall further this year, warns Nationwide

Sky News More Homes For Sale Hits Growth In Prices

RTTNews.com U.K. June House Price Inflation Eases More Than Expected: Nationwide

Channel 4 News Prices hit by more homes on market

I think the other thing to remember before everyone gets their proverbial knickers in a twist is that we are only talking about the approx 6% of sales each month that involve buyers using a Nationwide mortgage, and we are only talking about the price after survey - no idea of price eventually agreed with a bit of gazundering at the last minute. It would be far more interesting if Santander got in on the act with their market share.

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The nationwide figures reek of VI manipulation ( £100.00 to make it go positive, coincidence ?) and the BBC should be ashamed at their headlines/ramping, they really outght to be held accountable for their part in the biggest ponzi scheme in history.

For goodness sake:

1. Just because the figure was nearly zero - but not quite - doesn't make it a fraud

2. If you were clever enough to want to rig statistics, you wouldn't rig them by exactly £100 when you could just as easily rig them by £4,876. If they wanted to pretend there was HPI, wouldn't they make it +0.5%, not +0.05%?

The figure is positive. Next month's will be negative. That which cannot be sustained will not be sustained.

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Just a note...I think my sums were wrong...too much beer last night.

0.55 % is the real figure so the must have seasonally adjusted the figure down.

Adjusted down just 0.45 %, to just above 0%. How very convenient.

I for one have a certain contempt for the nationwide now. I used to like them, had a lot of moiney with them...I dont now. Would rather give it away thean give it to them. :lol::lol::lol:

Edited by TheCountOfNowhere

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I just love there threads B)

A dose of evil VI spin hiding a full-on house price Armageddon?

Or (Heretical Blasphemy) did Nationwide actually work it out correctly?

Jun-09 £156,442 NSA £154,918 SA

...

May-10 £169,162 NSA £168,302 SA

Jun-10 £170,111 NSA £168,424 SA

MoM is done with SA figures, so 100*(168424/168302 - 1) = 0.073 and rounds to 0.1%

YoY is done on NSA, so 100*(170111/156442 - 1) = 8.7%

Edited by spline

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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