Georgia O'Keeffe Posted August 26, 2011 Share Posted August 26, 2011 Murder for the household goods sector. Don't move, don't upgrade, replace, refurbish. Floors 2 Go gone again this week. Murder on the Dance floor? Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 26, 2011 Share Posted August 26, 2011 They'd be right for a change though. This confirms the upward trend earlier this year that Nationwide and then Halifax picked up on. things have turned down since, going on sheeple sentiment of last few months Quote Link to comment Share on other sites More sharing options...
Redcellar Posted August 26, 2011 Share Posted August 26, 2011 NW still being pumelled Manchester - 0.3 MoM -4.1 YoY Blackburn with Darwen -4.4% MoM (not a typo!!!) -10.4% YoY People not dropping prices though. Seem to see national figures saying slight increase so they keep them high. Nuts really. Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted August 26, 2011 Share Posted August 26, 2011 (edited) I've tried to show in the table below why the Land Registry headline volume numbers are always misleading. Land Reg compares a first release number for this year with a revised number for the previous year. The revised number is always higher than the first release (presumably because some sales notifications are late in arriving) and consequently volumes will always be understated for the latest reporting month. This happens month after month, but no one at Land Registry seems to care even though it paints the agency in a very poor light. Of course they may not even be aware of the problem because they don't actually compile the stats. The statistical analysis is actually done by Calnea Analytics, the owners of mouseprice.com (Calnea itself is owned by Landmark Information Group). Edit: redundant word Edited August 26, 2011 by FreeTrader Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 26, 2011 Share Posted August 26, 2011 (edited) NW still being pumelled Manchester - 0.3 MoM -4.1 YoY Blackburn with Darwen -4.4% MoM (not a typo!!!) -10.4% YoY People not dropping prices though. Seem to see national figures saying slight increase so they keep them high. Nuts really. I think you mean NW leading the recovery !!! Edited August 26, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 26, 2011 Share Posted August 26, 2011 I've tried to show in the table below why the Land Registry headline volume numbers are always misleading. Land Reg compares a first release number for this year with a revised number for the previous year. The revised number is always higher than the first release (presumably because some sales notifications are late in arriving) and consequently volumes will always be understated for the latest reporting month. This happens month after month, but no one at Land Registry seems to care even though it paints the agency in a very poor light. Of course they may not even be aware of the problem because they don't actually compile the stats. The statistical analysis is actually done by Calnea Analytics, the owners of mouseprice.com (Calnea itself is owned by Landmark Information Group). Edit: redundant word Good info thanks FT, didn't know the land registry data was compiled by Calnea Quote Link to comment Share on other sites More sharing options...
24gray24 Posted August 26, 2011 Share Posted August 26, 2011 I think you mean NW leading the recovery !!! Those figures accord with my impressions. Confidence is level because people feel we are jogging along the bottom, it won't get much worse, Europe is another planet etc. Quote Link to comment Share on other sites More sharing options...
Riedquat Posted August 26, 2011 Share Posted August 26, 2011 The only house price news I can see on the BBC's front page at the moment is in the regional sections, with "North East leads house price fall"! Quote Link to comment Share on other sites More sharing options...
FIGGY Posted August 26, 2011 Share Posted August 26, 2011 The only house price news I can see on the BBC's front page at the moment is in the regional sections, with "North East leads house price fall"! http://www.bbc.co.uk/news/business-14678794 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 26, 2011 Share Posted August 26, 2011 http://www.bbc.co.uk/news/business-14678794 It sounds like the BBCs stance on House Price news has changed. That's a bearish misleading headline...in our favour for a change !!! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 26, 2011 Share Posted August 26, 2011 It is bank holiday weekend - suspect lots of BBC types will have already left for their long weekend? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted August 26, 2011 Author Share Posted August 26, 2011 It sounds like the BBCs stance on House Price news has changed. This was discussed a few weeks back on another thread. There has definitely been a change of view over there! Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted August 26, 2011 Share Posted August 26, 2011 It is bank holiday weekend - suspect lots of BBC types will have already left for their long weekend... ....house-hunting in Salford. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 26, 2011 Share Posted August 26, 2011 (edited) Can I just point out the obvious....house prices are stil 2.3% lower than they were this time last year. average prices are still back at 2004 prices ( unless you're some gormless egyt paying over the odds ), there has been no house prices increase really in 7 years. House prices don't double ever ten years,...that was a lie. House prices will probably half in the next ten, that's not a lie. the land registry spring bounce lag is pretty much over and there was pretty much no bounce. The rest of the year should make for healthy reading. Edited August 26, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 26, 2011 Share Posted August 26, 2011 (edited) Finally some relief for homeowners as house prices see their biggest monthly leap in 19 months Wail headline. Edited August 26, 2011 by interestrateripoff Quote Link to comment Share on other sites More sharing options...
moonriver Posted August 26, 2011 Share Posted August 26, 2011 Finally some relief for homeowners as house prices see their biggest monthly leap in 19 months Wail headline. Some good comments there I see. And if any HPC'ers don't have time to comment, it is nice and easy to click those green or red arrows, as appropriate. Quote Link to comment Share on other sites More sharing options...
NEO72 Posted August 26, 2011 Share Posted August 26, 2011 Can I just point out the obvious....house prices are stil 2.3% lower than they were this time last year. average prices are still back at 2004 prices ( unless you're some gormless egyt paying over the odds ), there has been no house prices increase really in 7 years. House prices don't double ever ten years,...that was a lie. House prices will probably half in the next ten, that's not a lie. the land registry spring bounce lag is pretty much over and there was pretty much no bounce. The rest of the year should make for healthy reading. To try and put a positive spin on the (admittedly grim) news, we should also remember that by July 2008, Y-O-Y was only down 3.1% - prices dropped roughly 2% each month over the following 6 months. I'm sure if that happens again though, the B of E will drop interest rates by another four and a half percent.. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 27, 2011 Share Posted August 27, 2011 Finally some relief for homeowners as house prices see their biggest monthly leap in 19 months Wail headline. well, it was 3 months ago, and if the homeowners didnt notice it then, then it never happened. Quote Link to comment Share on other sites More sharing options...
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