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exiges

Nationwide + Halifax Out This Week

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Some indexes out this week.

Forex factory is surprisingly bearish, predicting a -0.3% drop for Nationwide.. given they're usually optimistic, what do we expect ?

For reference, last month Nationwide reported +0.4% <_< AFAIK, they're sale prices, not asking.

My guess, those with equity are continuing to keep the bubble inflated trading between themselves, messing numbers up, I say -0.2% seasonally adjusted on record low volumes.

Edited by exiges

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Nope, halifax and nationwide are tomorrow - halifax is actually 1st-4th sometime.

Cant see when land registry release is.

Land registry is today. 11 am. It doesn't appear on forex factory.

The halifax date is an estimate but will probably be next week. It's rarely before the 6 or 7th

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Land registry is today. 11 am. It doesn't appear on forex factory.

The halifax date is an estimate but will probably be next week. It's rarely before the 6 or 7th

Cheers, it is only the LR that interests me tbh

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LR has to have a chunky drop this month doesn't it? Surely. Please!!

It's the YoY next month that will get the biggest headlines.

;)

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To avoid a lot of posts later, it's worth remembering that Nationwide use a serious amount of seasonal adjusting in their figures. Last month's data was minus 0.4% but adjusted to plus 0.4%. Any nominal fall this time round also is likely to be watered down in the headline figure they give. YoY should go negative though, even if MoM is flat.

The Halifax data is usually out on a Thursday, so I'm guessing that wont appear until the 3rd. Also, worth considering is the fact that while they don't season the data, their YoY figure is compared with the average HP of 13 - 15 months ago. Even if their January figure is flat, YoY is going to threaten down 5% though, which should attract some media attention.

Looking forward to the Land Reg figures today...

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Nationwide rose 1.2% in January 2010. Anything lower than +0.4% will give a negative YoY figure

£163,481 January 2010

£162,763 December 2010

Edited by fellow

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For reference, last month Nationwide reported +0.4% <_< AFAIK, they're sale prices, not asking.

No.

They are not "sale prices" they are mortgage approval prices. If chains breakdown lots of those approvals may not turn into sales.

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