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Nationwide Figures Out - Contrast With Halifax

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http://www.nationwide.co.uk/hpi/review.htm

Lots of data to enjoy. Quarterly increase down to 0.9% from 2.2% so that direction is consistent with Halifax but the figures are still +ve and the tone very bullish.

Interesting to see if these are used to spin the HBoS figures.

The earning/Hp ratio now up to 5.94! time to update that graph again. Still some way to go before the fall.

PS: When the fall comes (eventually) Northern Ireland is in deep, deep trouble. Just look at those prices.

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Hmmm, seems to be a smaller report than usual. Doesn't mention that many areas for the south east. Although it shows a 2% increase YoY in my area. :lol:

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http://www.nationwide.co.uk/hpi/review.htm

Lots of data to enjoy. Quarterly increase down to 0.9% from 2.2% so that direction is consistent with Halifax but the figures are still +ve and the tone very bullish.

Interesting to see if these are used to spin the HBoS figures.

The earning/Hp ratio now up to 5.94! time to update that graph again. Still some way to go before the fall.

PS: When the fall comes (eventually) Northern Ireland is in deep, deep trouble. Just look at those prices.

I think you'll find the Nationwide figures were out well before the Halifax ones!

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The Daily Mail have a good approach and use the key word "FEAR" to adjust the great middle-middle class thinking as they pick up their papers in the morning:

http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Fears as house prices fall by £2,000

11:11am 6th July 2006

House prices suffered their biggest monthly fall for nearly six years last month knocking more than £2,200 off the value of a typical home, Britain's biggest mortgage lender warned today.
The huge bills mean that there is very little money to spare, putting huge pressure on home-owners struggling to pay their mortgages.
It will also deter people from thinking about buying a bigger, more expensive home if they are already balancing their finances on a knife's edge.
There is also the worry that interest rates will go up, making mortgages even more expensive for people.

Sheeple scaring stuff?

Edited by Realistbear

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The Daily Mail have a good approach and use the key word "FEAR" to adjust the great middle-middle class thinking as they pick up their papers in the morning:

http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Fears as house prices fall by £2,000

11:11am 6th July 2006

House prices suffered their biggest monthly fall for nearly six years last month knocking more than £2,200 off the value of a typical home, Britain's biggest mortgage lender warned today.
The huge bills mean that there is very little money to spare, putting huge pressure on home-owners struggling to pay their mortgages.
It will also deter people from thinking about buying a bigger, more expensive home if they are already balancing their finances on a knife's edge.
There is also the worry that interest rates will go up, making mortgages even more expensive for people.

Sheeple scaring stuff?

People need to be scared - and do something before it's too late. Some will, many will continue to be complacent.

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People need to be scared - and do something before it's too late. Some will, many will continue to be complacent.

What do you suggest they do? All sell their houses at once?

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I think you'll find the Nationwide figures were out well before the Halifax ones!

Er, no. The Nationwide (monthly) June numbers came out earlier but these were the quarterly figures which were released at the same time as Halifax June ones (ie morning of Thursday 6th July as can be seen from the headings of both releases). The quarterly figures oftern lag the monthly by few days.

Anyway, I see the Nationwide figures and the Halifax figures diverging more soon given what I am seeing in london and parts of the SE vs the rest of the country. We can only hope that a further slowdown in the rest of the country and another month of -ve Halifax figures will cause the London/SE market to slow too.

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  • 301 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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