rantnrave Posted January 30, 2019 Share Posted January 30, 2019 (edited) Data out Thursday morning Edited January 31, 2019 by rantnrave Quote Link to comment Share on other sites More sharing options...
localhero1983 Posted January 30, 2019 Share Posted January 30, 2019 Nothing surprises me anymore when it comes to housing and the scum lenders, but I am expecting a fall tomorrow, there you go I said it? Quote Link to comment Share on other sites More sharing options...
btd1981 Posted January 30, 2019 Share Posted January 30, 2019 Thursday becoming Friday would surprise me ? Quote Link to comment Share on other sites More sharing options...
Now or never Posted January 30, 2019 Share Posted January 30, 2019 (edited) I’m seeing reductions, no takers, a new value yet to be discovered, but I’m expecting a rise! Edited January 30, 2019 by Now or never Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted January 30, 2019 Share Posted January 30, 2019 Another work of fiction - WHATEVER direction. Quote Link to comment Share on other sites More sharing options...
localhero1983 Posted January 30, 2019 Share Posted January 30, 2019 I am waiting for falls, sizable falls, and then the biggest con since liar loans, "It's happening all because of Brexit". Imagine all the people that will be let off the hook, Blair & Brown, Banks, Kirsty, those that were taken in by the illusionary wealth and borrowed too much Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 31, 2019 Author Share Posted January 31, 2019 7 hours ago, btd1981 said: Thursday becoming Friday would surprise me ? Good spot. Got ahead of myself there confusing the end of the month with the end of the week. Now corrected. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 31, 2019 Author Share Posted January 31, 2019 Up 0.3% monthly Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 31, 2019 Author Share Posted January 31, 2019 2 minutes ago, rantnrave said: Up 0.3% monthly Annual growth slows to 0.1% Quote Link to comment Share on other sites More sharing options...
HovelinHove Posted January 31, 2019 Share Posted January 31, 2019 It’s a stand off. Just need no deal Brexit, and the whole thing will implode. Millennials need to get on board with WTO Brexit and their dreams of affordable homes will become reality. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted January 31, 2019 Share Posted January 31, 2019 They will sell their Grandmother on HTB, or play with SA, to keep the figures positive for the mongs. Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted January 31, 2019 Share Posted January 31, 2019 Oooh right at the point on the roller coaster after the long climb at the start where the clicking stops and you start to see the rapid fall coming, love it. I class anyone who think this will just plateau in the same deluded thinking camp as flat earthers. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted January 31, 2019 Share Posted January 31, 2019 Quote The Nationwide said it was likely that the recent slowdown in the market was due to "the impact of the uncertain economic outlook on buyer sentiment". It said this uncertainty among buyers was outweighing the otherwise positive backdrop of "solid employment growth, stronger wage growth and continued low borrowing costs". you can roll a sh1t in glitter, but its still a sh1t Quote Link to comment Share on other sites More sharing options...
localhero1983 Posted January 31, 2019 Share Posted January 31, 2019 (edited) I just could not see this being anything but a fall today, and I just cannot see anything but falls now for months and months to come, even years. People are going to blame Brexit, but we finally see the fallout from Blair and Browns governments. You noticed how the media are reporting this in a way they would if inflation or unemployment rose or the £ plummeted, the BBC are the worst Edited January 31, 2019 by localhero1983 Quote Link to comment Share on other sites More sharing options...
simon2 Posted January 31, 2019 Share Posted January 31, 2019 At least the momentum is hugely downward. Perhaps the worst is still to come, in most areas I am interested in the pattern is mostly the same: new places are listed at starting prices that pretend the recent falls have not happened, they don't shift and end up cutting prices by up to 10%, some of them go but a lot still don't. Not all places follow this trend, I have seen a minority simply not try and get what others have got and price their properties under that, these get snapped up pretty quickly. Hopefully this type of stuff is still to be factored in. Quote Link to comment Share on other sites More sharing options...
user not found Posted January 31, 2019 Share Posted January 31, 2019 1 hour ago, rantnrave said: Annual growth slows to 0.1% That's the biggy for me... Houses are the same price they were a year ago. And all the signs are they will start getting cheaper. Anyone with sense who is selling will need to drop their price quicker than those they're competing with. Anyone buying will wait to see how much they can save. Quote Link to comment Share on other sites More sharing options...
dougless Posted January 31, 2019 Share Posted January 31, 2019 (edited) I liked this bit on the BBC report: 'Earlier in January, a survey by the Royal Institution of Chartered Surveyors (RICS) found their members thought the outlook for the housing market over the next three months was the worst for 20 years. A net balance of 28% of RICS members expected sales to fall, the most downbeat reading since records started in October 1998.' https://www.bbc.co.uk/news/business-47063224 This chimes with a letter from a local estate agent that came through the door this week. It was saying that a 7% fall in house prices was a good reason to trade up as it was going to be cheaper. The letter even included a financial illustration. Prices are falling kids - its a good time to take on more debt. Edited January 31, 2019 by dougless Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 31, 2019 Author Share Posted January 31, 2019 Link to full report: https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2019/Jan_2019.pdf Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted January 31, 2019 Share Posted January 31, 2019 20 minutes ago, Sausage said: Houses are the same price they were a year ago. Says a huge V.I. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted January 31, 2019 Share Posted January 31, 2019 7 minutes ago, rantnrave said: Link to full report: https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2019/Jan_2019.pdf is it usually only 2 pages long? Quote Link to comment Share on other sites More sharing options...
pizza Posted January 31, 2019 Share Posted January 31, 2019 2 hours ago, rantnrave said: Up 0.3% monthly Only after their ‘seasonal adjustment’. The actual change is a reduction. Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted January 31, 2019 Share Posted January 31, 2019 Excellent. More good news looking at the data; the rate of change in annual "growth" seems to be accelerating nicely (8 months last year at 2-3%, then 2 months at 1-2% and so far 2 months at 0-1%), plus last Feb was 0.5% MoM so much short of this value next month will see the annual figure become negative.. which should be a nice driver of sentiment and really kick-start the feedback doom-loop! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 31, 2019 Author Share Posted January 31, 2019 (edited) 8 minutes ago, hurlerontheditch said: is it usually only 2 pages long? Yes, although at the end of each quarter there is usually a longer version Edited January 31, 2019 by rantnrave Quote Link to comment Share on other sites More sharing options...
neon tetra Posted January 31, 2019 Share Posted January 31, 2019 (edited) 1 hour ago, LetsBuild said: Oooh right at the point on the roller coaster after the long climb at the start where the clicking stops and you start to see the rapid fall coming, love it. I class anyone who think this will just plateau in the same deluded thinking camp as flat earthers. Who remembers the Real House Prices visualised as a roller coaster video? From about 9 or 10 years ago. Would love to see that updated, as we’re already in the real falls stage. The clicking has stopped and the wind is in our hair... Edit: This is US one: Annoyingly it stops in 2006, just before a huge downturn...! Edited January 31, 2019 by neon tetra Maybe remembered wrongly Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted January 31, 2019 Share Posted January 31, 2019 Excellent. So down nearly 2.5% 'nationwide' in 6 months. Quote Link to comment Share on other sites More sharing options...
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