rantnrave Posted March 31, 2023 Share Posted March 31, 2023 (edited) Another fall! YoY -3.1% Edited March 31, 2023 by rantnrave Quote Link to comment Share on other sites More sharing options...
Pebbles Posted March 31, 2023 Share Posted March 31, 2023 Happy days! Quote Link to comment Share on other sites More sharing options...
Huggy Posted March 31, 2023 Share Posted March 31, 2023 3 minutes ago, rantnrave said: YoY -3.1% This is what I was after today Happy Friday peeps! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 31, 2023 Share Posted March 31, 2023 Winning!! Â UK house prices suffer biggest annual decline since 2009 | Business News | Sky News UK house prices suffer biggest annual decline since 2009 By Sharon Marris, business reporter Friday 31 March 2023 07:21, UK Quote Link to comment Share on other sites More sharing options...
17 Year Veteran Posted March 31, 2023 Share Posted March 31, 2023 So we believe this one, then? Quote Link to comment Share on other sites More sharing options...
Huggy Posted March 31, 2023 Share Posted March 31, 2023 (edited) 14 minutes ago, 17 Year Veteran said: So we believe this one, then? No, I don't believe it. They revised the index down from Feb (always down it seems....). The MoM improvement should be (1.0%) Edited March 31, 2023 by Huggy Quote Link to comment Share on other sites More sharing options...
FivePoundLatte Posted March 31, 2023 Share Posted March 31, 2023 Report here: https://www.nationwidehousepriceindex.co.uk/reports/house-prices-record-seventh-consecutive-monthly-decline-in-march Good to see another fall, and a solid YoY negative at a time when inflation is still in double digits. Hopefully Halifax show the same soon too. Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted March 31, 2023 Share Posted March 31, 2023 Imagine what it would be if they took zone 3 out… Quote Link to comment Share on other sites More sharing options...
fellow Posted March 31, 2023 Share Posted March 31, 2023 Average price £257,122. -6.1% from peak (August 2022 £273,751). Non seasonally adjusted this is: -0.1% MoM -3.1% YoY (from £265,312 in March 22) The seasonal adjustments are now working in our favour. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 31, 2023 Author Share Posted March 31, 2023 3 minutes ago, LetsBuild said: Imagine what it would be if they took zone 3 out… Beat me to it! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 31, 2023 Author Share Posted March 31, 2023 2 minutes ago, fellow said: Average price £257,122. -6.1% from peak (August 2022 £273,751). Non seasonally adjusted this is: -0.1% MoM -3.1% YoY (from £265,312 in March 22) The seasonal adjustments are now working in our favour. Agreed Any falls from now on will include a significant element of last year's rises disappearing from the numbers, and seasonal adjusting magnifying the figures. Quote Link to comment Share on other sites More sharing options...
slawek Posted March 31, 2023 Share Posted March 31, 2023 Still above the pre-Covid levels even if adjusted by earnings. The prices are falling now slower. I hope it is just seasonality and the things will accelerate again when 5-10% nominal YoY fall hits the headlines.  Quote Link to comment Share on other sites More sharing options...
fellow Posted March 31, 2023 Share Posted March 31, 2023 Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted March 31, 2023 Share Posted March 31, 2023 (edited) Do not forget that those prices reflect transactions in an environment where sales are down 40%. Edited March 31, 2023 by NoHPCinTheUK Quote Link to comment Share on other sites More sharing options...
spxy Posted March 31, 2023 Share Posted March 31, 2023 happy friday! Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted March 31, 2023 Share Posted March 31, 2023 2 minutes ago, slawek said: Still above the pre-Covid levels even if adjusted by earnings. The prices are falling now slower. I hope it is just seasonality and the things will accelerate again when 5-10% nominal YoY fall hits the headlines.  This is the spring bounce, I honestly thought they would be up. The fact that the blind optimism has not only been dented but outright overturned to go negative at all is massive. Quote Link to comment Share on other sites More sharing options...
fellow Posted March 31, 2023 Share Posted March 31, 2023 3 minutes ago, NoHPCinTheUK said: Do not forget that those prices reflect transactions in an environment where sales are down 40%. Indeed mortgage approvals have plummeted. Quote Link to comment Share on other sites More sharing options...
slawek Posted March 31, 2023 Share Posted March 31, 2023 4 minutes ago, LetsBuild said: This is the spring bounce, I honestly thought they would be up. The fact that the blind optimism has not only been dented but outright overturned to go negative at all is massive. The drop in mortgage approvals and psychological impact of the negative YoY change haven't really fed through the system yet. Quote Link to comment Share on other sites More sharing options...
PalmerEldritch Posted March 31, 2023 Share Posted March 31, 2023 How is an annual fall referred to in the report as slowing growth? That sounds like Lizard people double talk to me. Quote Link to comment Share on other sites More sharing options...
24gray24 Posted March 31, 2023 Share Posted March 31, 2023 7 minutes ago, LetsBuild said: This is the spring bounce, I honestly thought they would be up. The fact that the blind optimism has not only been dented but outright overturned to go negative at all is massive. The weather has been bad. This has delayed the usual spring bounce. But I suspect the bounce will be in numbers, not in prices, which are flat and gently falling. Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted March 31, 2023 Share Posted March 31, 2023 & this is just the start..................the FED will NOT pivot....BOE will have to follow Quote Link to comment Share on other sites More sharing options...
spxy Posted March 31, 2023 Share Posted March 31, 2023 (edited) the spring bounce is more to do with the school holidays when more people can view homes the next two weeks will be key for sales as its the easter holidays Edited March 31, 2023 by spxy Quote Link to comment Share on other sites More sharing options...
MarkD Posted March 31, 2023 Share Posted March 31, 2023 Thankfully prices are still rising down here in the south west, for a moment there I thought there was something to worry about. Make no mistake Rodders this time next year we’ll be millionaires. Quote Link to comment Share on other sites More sharing options...
highcontrast Posted March 31, 2023 Share Posted March 31, 2023 Just now, MarkD said: Thankfully prices are still rising down here in the south west, Lolz. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted March 31, 2023 Share Posted March 31, 2023 57 minutes ago, zugzwang said: Winning!!  UK house prices suffer biggest annual decline since 2009 | Business News | Sky News UK house prices suffer biggest annual decline since 2009 By Sharon Marris, business reporter Friday 31 March 2023 07:21, UK  Sky news not allowing replies on this story on twitter, specifically this story   Quote Link to comment Share on other sites More sharing options...
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