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Nationwide Index

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I am sure the Forex Forecast for the Nationwide House Price Index was +0.4 for Dec-10 the other day ... I now look and it a flat 0.0?! Revising the forecast down or did I imagine the +0.4??!

Anyway, according to the chart on the hpc homepage the yoy figure at the end of Nov-10 was +0.4 and according to the monthly Nationwide release (http://www.nationwide.co.uk/hpi/historical/dec_2009.pdf) the Dec-09 figure was +0.4 so if I am reading this correctly a figure of a flat 0.0 would mean that the whole of 2010 ended up flat, anything +ve means house price increase, anything negative means house price decrease.


I'm just going to chance my arm and say I think it will be negative, although getting close to -1.0 would be a good end to 2010 hopefully setting up a bearlicious 2011!!

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I can concur that FF was indeed showing a positive prediction for the Nationwide figures and that this is now flat. However, their predictions seem to be calculated by the 'dart hitting board' method, so I don't think it means much.

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Yeah I'm pretty sure it said 0.2% yesterday. Seems they've revised down as it gets nearer D-Day...

It reminds me of the MPCs inflation pronouncements - depending on whether they are made within a week of the rate-setting-meeting or not! :)

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