TheCountOfNowhere Posted June 3, 2015 Share Posted June 3, 2015 Saw this on freeview teletext that Mom figures are 0,.3% up but YPOY has dropped to 4.6 and most significantly the nationwide says the Yoy fall trend has resumed.... Quote Link to comment Share on other sites More sharing options...
olde guto Posted June 3, 2015 Share Posted June 3, 2015 The most interesting thing on the BBC website report is that cash sales are at an all time high 38%. People cashing in pension pot or has the number of mortage buyers gone down? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 3, 2015 Share Posted June 3, 2015 From the report Over the longer term we would expect house price growth to converge with earnings growth, which has typically been around 4% per annum. Quote Link to comment Share on other sites More sharing options...
norseraider Posted June 3, 2015 Share Posted June 3, 2015 Where are these people suddenly getting piles of cash from?? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 3, 2015 Share Posted June 3, 2015 For a sense of balance, the non-SA figure is up 1.1% Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted June 3, 2015 Share Posted June 3, 2015 From the report Banker earnings growth maybe? Quote Link to comment Share on other sites More sharing options...
norseraider Posted June 3, 2015 Share Posted June 3, 2015 What is "non-SA"? Pardon me ignurunz. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted June 3, 2015 Share Posted June 3, 2015 Where are these people suddenly getting piles of cash from?? Maybe many jumped the gun on pension cash-outs, liquidating other assets knowing they could replenish later. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 3, 2015 Share Posted June 3, 2015 What is "non-SA"? Pardon me ignurunz.non seasonally adjusted Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted June 3, 2015 Share Posted June 3, 2015 (edited) From the report Over the longer term we would expect house price growth to converge with earnings growth, which has typically been around 4% per annum. Yet another reason that I will not enter the market. Edited June 3, 2015 by LiveinHope Quote Link to comment Share on other sites More sharing options...
Fairyland Posted June 3, 2015 Share Posted June 3, 2015 Here is a link - House Price Annual Growth Rate Eases To 4.6% Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 3, 2015 Share Posted June 3, 2015 Here is a link - House Price Annual Growth Rate Eases To 4.6% And here's the full report:http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/May_2015.pdf Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 3, 2015 Author Share Posted June 3, 2015 "h has typically been around 4% per annum" On which planet ???? Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted June 3, 2015 Share Posted June 3, 2015 The most interesting thing on the BBC website report is that cash sales are at an all time high 38%. People cashing in pension pot or has the number of mortage buyers gone down? Number of mortgage buyers down: The actual number of cash buyers, rather than the proportion, has risen slightly since 2008, but has still not reached the peak seen during the housing boom of 2007. So this appears to be a case of the BBC reporting a new peak in anything housing market related just to keep that feel good factor rolling ever onwards. Next month: "New Peak in Housing Market Stupidity - Sellers 98% stupid this month as opposed to 97% before" Quote Link to comment Share on other sites More sharing options...
norseraider Posted June 3, 2015 Share Posted June 3, 2015 Next month: "New Peak in Housing Market Stupidity - Sellers 98% stupid this month as opposed to 97% before" this improved my morning Quote Link to comment Share on other sites More sharing options...
LabConH8er Posted June 3, 2015 Share Posted June 3, 2015 Overseas lending appears as cash. All those Far Eastern buyers of 'investment' properties in London basically. Surely people downsizing, or buying similar priced property will also appear as cash. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted June 3, 2015 Share Posted June 3, 2015 From the report I'm sure if there was 4% pay rises going on the likes of Network rail wouldn't be threatening to strike ... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted June 3, 2015 Share Posted June 3, 2015 I'm sure if there was 4% pay rises going on the likes of Network rail wouldn't be threatening to strike ...Any of the Twitterati out there who would like to question Nationwide on this claim? Quote Link to comment Share on other sites More sharing options...
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