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rantnrave

Nationwide Data Out Thurs 7Am

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Will be very surprised if the rise is anything below 1.0% although Forex Factory are forecasting 0.5%.

I will plump for +1.2% ... Seasons Greetings, Debtslaves!

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http://www.forexfact...=news&id=429926

"House prices edged up by 0.4% in May, providing further support for the view that the housing market is gradually gaining momentum. The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year. The annual rate of house price growth also ticked up to 1.1% in May - the fast est pace since November 2011. "It's not just prices - a number of measures of housing market activity have also started to move higher.

No comment, other than cable rose slightly on the news. Yah, we are all rich I tell you! dry.gif

Edited by Secure Tenant

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Only 0.4% and they'll probably revise it downward next month.

Well, if that's the best they can manage to claim in the last month of spring I would say they're in real trouble.

Spring bounce? I think not :lol:.

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Only 0.4% and they'll probably revise it downward next month.

Well, if that's the best they can manage to claim in the last month of spring I would say they're in real trouble.

Spring bounce? I think not :lol:.

What sort of 'seasonal adjustment' did we get this month ? :lol:

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What sort of 'seasonal adjustment' did we get this month ? :lol:

The BBC are now reporting this as a modest rise and saying prices up 1.1% in a year, best since 2011 and they have a red 'NEW' graphic that draws your eye to the story.

Quelle suprise.

Edited by TheCountOfNowhere

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bbc take on it.

http://www.bbc.co.uk/news/business-22713290

UK house prices saw modest rise in May, Nationwide says

Lower mortgage rates have helped to boost activity in the housing market UK house prices recorded a "modest" rise in May, increasing by 0.4%, according to the latest survey from the Nationwide building society.

It said the increase provided further support for "the view that the housing market is gradually gaining momentum".

The annual rate of price growth rose to 1.1%, the fastest pace since November 2011.

The increases mean that the average house now costs £167,912, the Nationwide said.

Robert Gardner, Nationwide's chief economist, said a number of factors were likely to have contributed to the recent pick-up in activity.

"There has been an improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures, such as the Funding for Lending Scheme," he said.

"With the UK returning to growth in the first quarter of 2013, the improvement in wider economic conditions may also be playing a role in boosting sentiment."

FLS just managing to produce a small spring bounce. This should have been the best month of the year.

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From the BBC....

UK house prices recorded a "modest" rise in May, increasing by 0.4%, according to the latest survey from the Nationwide building society.

It said the increase provided further support for "the view that the housing market is gradually gaining momentum".

Any opportunity to spin a positive message will be taken irrespective of the in consequence of the improvement.

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Only 0.4% and they'll probably revise it downward next month.

Well, if that's the best they can manage to claim in the last month of spring I would say they're in real trouble.

Spring bounce? I think not :lol:.

They've actually revised last months up from an index point of 329.5 to 329.9 meaning last month was technically a rise flat.

Edit: simple maths fail.

Edited by Clearwater

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Unseasonal price is up 1.4%

We have last summer's rout to drop out of the stats, prices are up 2.4%* since September. Modest increases over the next four months could achieve a respectable annual rolling, enough to get the bulls excited.

*167912/163964

Edited by crashmonitor

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We have last summer's rout to drop out of the stats, prices are up 2.4%* since September. Modest increases over the next four months could achieve a respectable annual rolling, enough to get the bulls excited.

*167912/163964

You are always getting excited.

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The entry of Nationwide into the 'New Buy' market might create a rise in the coming months, if it is not accounted for properly:

Nationwide launches Help to Buy mortgages

Britain's biggest building society is teaming up with the Government to help home buyers get on the housing ladder.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10086140/Nationwide-launches-Help-to-Buy-mortgages.html

A classic puff piece from the Telegraph on the latest Nationwide figs:

http://www.telegraph.co.uk/finance/personalfinance/houseprices/10088347/House-prices-post-strongest-annual-growth-in-18-months.html

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Untitled-2_2552300c.jpg

Oh yay.

Where is that graph from? (presumably hidden in some NW report)

It links very well with the regulator data from the IO report on London, the Southeast south west being IO hot spots.

Assuming it is an index +50 would mean 100% IO lending?

NW must be praying London doesn't go pop!

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Where is that graph from? (presumably hidden in some NW report)

It links very well with the regulator data from the IO report on London, the Southeast south west being IO hot spots.

Assuming it is an index +50 would mean 100% IO lending?

NW must be praying London doesn't go pop!

I got it here: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10030973/Wake-up-call-on-interest-only-mortgages.html

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  • 241 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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