rantnrave Posted November 28, 2011 Share Posted November 28, 2011 Like the Grand Old Duke of York, last month, when it was up, it was down (courtesy of seasonal adjusting). Latest instalment out at 7am. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted November 28, 2011 Share Posted November 28, 2011 -0.9% Quote Link to comment Share on other sites More sharing options...
Guest Posted November 28, 2011 Share Posted November 28, 2011 -1.3% Quote Link to comment Share on other sites More sharing options...
rantnrave Posted November 28, 2011 Author Share Posted November 28, 2011 -0.9% That's the number of the moment. Does lightning strike twice though? I'd prefer it to fall from £165K to £159,999. That would be a meaty % drop! Quote Link to comment Share on other sites More sharing options...
Doesn't Commute Anymore Posted November 28, 2011 Share Posted November 28, 2011 If its not a sizeable drop, then I might give up following this index, as it has too big a disconnect from Land Registry data. For all we know, it may also be based on hundreds of transactions per month this winter, making the dataset too small and noisy for any month-by-month analysis. Quote Link to comment Share on other sites More sharing options...
InlikeFlynn Posted November 28, 2011 Share Posted November 28, 2011 (edited) For all we know, it may also be based on hundreds of transactions per month this winter, making the dataset too small and noisy for any month-by-month analysis. This is very true. The land reg data, when broken down into a county by county basis, seems to suffer a bit from this. EDIT: That said, if the Nationwide figure is very bearish I will completely ignore its shortcomings! Edited November 28, 2011 by InlikeFlynn Quote Link to comment Share on other sites More sharing options...
Pent Up Posted November 28, 2011 Share Posted November 28, 2011 That's the number of the moment. Does lightning strike twice though? I'd prefer it to fall from £165K to £159,999. That would be a meaty % drop! Well I think -0.9% would be everyone least expects, hence that's my gues Quote Link to comment Share on other sites More sharing options...
winkie Posted November 28, 2011 Share Posted November 28, 2011 ...........looking at the prices, the houses that sell are the ones priced to sell, they sell quickly...some sit on the market for ages until they become salable or they never sell, .....people can tell when they see value for money, when buying you can never tick all boxes, you can only weight up what you get for what it costs. Quote Link to comment Share on other sites More sharing options...
DebtFree2011 Posted November 28, 2011 Share Posted November 28, 2011 Who cares? . I don't have any faith in the indices anymore .... too many vested interests Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 28, 2011 Share Posted November 28, 2011 +1.3% Shouted in every news bulletin. Was that Land Registry thread today a wind-up? I never saw it mentioned anywhere else. Quote Link to comment Share on other sites More sharing options...
Sir Harold m Posted November 28, 2011 Share Posted November 28, 2011 +1.3% Shouted in every news bulletin. Was that Land Registry thread today a wind-up? I never saw it mentioned anywhere else. I found it buried on BBC. Yet more prominent is headline about new home sales in US higher in october. Obviously this is more relevant. FFS ! Quote Link to comment Share on other sites More sharing options...
Little Professor Posted November 28, 2011 Share Posted November 28, 2011 +0.2% Quote Link to comment Share on other sites More sharing options...
juvenal Posted November 28, 2011 Share Posted November 28, 2011 +1.3% Shouted in every news bulletin. Was that Land Registry thread today a wind-up? I never saw it mentioned anywhere else. Seriously bearish account of the LR figures on 5Live tonight. Would have gladdened everyone's heart here. But nothing during the day. Quote Link to comment Share on other sites More sharing options...
uztopride Posted November 28, 2011 Share Posted November 28, 2011 the Grand Old Duke of York, last month, when it was up, it was down And when they were only halfway down They were neither up nor down. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted November 28, 2011 Share Posted November 28, 2011 My guestimate for Nationwide: 0.0 MoM "Joy for homeowners" all the same.. Quote Link to comment Share on other sites More sharing options...
Authoritarian Posted November 28, 2011 Share Posted November 28, 2011 Who cares? . I don't have any faith in the indices anymore .... too many vested interests Yep, not much point when the whole game is being manipulated to keep prices artificially high. Quote Link to comment Share on other sites More sharing options...
gf3 Posted November 28, 2011 Share Posted November 28, 2011 (edited) Who cares? . I don't have any faith in the indices anymore .... too many vested interests personally I don't think there are enough vested interests. Edited November 28, 2011 by gf3 Quote Link to comment Share on other sites More sharing options...
kev-all-in Posted November 29, 2011 Share Posted November 29, 2011 -0.2 Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted November 29, 2011 Share Posted November 29, 2011 +0.4 http://www.nationwide.co.uk/hpi/historical/Nov_2011.pdf Quote Link to comment Share on other sites More sharing options...
neon tetra Posted November 29, 2011 Share Posted November 29, 2011 http://www.nationwide.co.uk/hpi/historical/Nov_2011.pdf Sideways action: “House prices have remained surprisingly resilient in recent months, despite the deterioration in the economic outlook. But, with the UK economic recovery expected to remain sluggish well into 2012, house price growth is likely to remain soft, with prices moving sideways or drifting modestly lower over the next twelve months.” Quote Link to comment Share on other sites More sharing options...
Rozza Posted November 29, 2011 Share Posted November 29, 2011 It annoyed me this morning to see this broadcast on the banner on the BBC news site (the scrolling area at the top) How come the land registry figures yesterday showing a drop were buried on the business page The BBC is a total disgrace!! Quote Link to comment Share on other sites More sharing options...
exiges Posted November 29, 2011 Share Posted November 29, 2011 It annoyed me this morning to see this broadcast on the banner on the BBC news site (the scrolling area at the top) How come the land registry figures yesterday showing a drop were buried on the business page The BBC is a total disgrace!! I was about to post the same. Quote Link to comment Share on other sites More sharing options...
NEO72 Posted November 29, 2011 Share Posted November 29, 2011 And the NWs southern bias becomes even more apparent.. Also, with the government's firstbuy scheme encouraging mortgaged FTBs to pay over the odds for newbuilds, I would have expected that to skew the NW (and Halifax) figures to a greater extent than the LR (which includes cash purchases) too. Speaking of the bbc, I noticed yesterday they had the LR figures as 160,000 - only a pound out but a psychologically much bigger difference. Interesting... Quote Link to comment Share on other sites More sharing options...
200p Posted November 29, 2011 Share Posted November 29, 2011 The Express will be having Champagne. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 29, 2011 Share Posted November 29, 2011 (edited) I was about to post the same. Me too, it was on teletext on the BBC today. Time to complain I think, not the BBC by the press complaints commission. Can anyone who cares email them/write to them today ? How many mortgages have the Nationwide given out...less than ten maybe ? Edited November 29, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
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