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Nationwide March 17 -0.3 percent

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48 minutes ago, jiltedjen said:

stagnant 

No. Falling.

The figure will be revised down more in a month or two.

Bank/BS house price figures are pretty much a work of fiction.

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5 minutes ago, spyguy said:

No. Falling.

The figure will be revised down more in a month or two.

Bank/BS house price figures are pretty much a work of fiction.

Isn't that how the banking system works?

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2 minutes ago, interestrateripoff said:

Isn't that how the banking system works?

Pretty much. Lie until you have to go, cap in in hand, for a bail out.

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Nationwide said that over the first quarter, there was the least variation in regional house price performance in almost 40 years. At 6.8 percentage points, the gap between the weakest and strongest performing regions was the lowest since 1978.

https://www.theguardian.com/money/2017/mar/31/uk-house-prices-slide-for-first-time-in-almost-two-years-says-nationwide

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1 hour ago, btd1981 said:

Appreciate it's within noise, but is a recorded drop in March atypical?

March 2016: +0.7%

March 2015: -0.2%

March 2014: +0.5%

March 2013: +0.3%

March 2012: -1.0%

March 2011: +0.3%

March 2010: +0.6%

March 2009: +0.9%

March 2008: +1.2%

Someone may have to check these - NW revised a few of them after their initial release, so figures may be a mixture of revised and unrevised.

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It's interesting that if you look at the actual average house prices for Feb and March the actual change was +0.7% - they've seasonally adjusted a positive into a negative. Is that something they'd normally do?

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On Friday, March 31, 2017 at 1:56 PM, This time said:

It's interesting that if you look at the actual average house prices for Feb and March the actual change was +0.7% - they've seasonally adjusted a positive into a negative. Is that something they'd normally do?

It doesn't get much better than March for selling houses. Anything under plus one percent probably shows a seasonally adjusted fall.

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On 31/03/2017 at 8:10 AM, spyguy said:

No. Falling.

The figure will be revised down more in a month or two.

Bank/BS house price figures are pretty much a work of fiction.

Those revised figures - after everyone has moved on accepting the +%

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