Thursday, September 30, 2010

+0.1% MoM 3.1% YoY

September Index

Commenting on the figures Martin Gahbauer, Nationwide's Chief Economist, said: “September proved to be an uneventful month for house prices. The seasonally adjusted price index for a typical UK property was essentially unchanged in September, edging up by a marginal 0.1% from its August level. That left the annual rate of house price inflation at 3.1%, down from 3.9% in August and 6.6% in July. The three month on three month rate of change – a good indicator of the near term price trend – fell from 0.0% in August to -0.9% in September. This represents the first negative reading for the three month rate of change since May 2009 and is consistent with the clear loosening of housing market conditions observed over the summer months."

Posted by phdinbubbles @ 07:16 AM (1065 views)
Please complete the required fields.



3 thoughts on “+0.1% MoM 3.1% YoY

  • Ahh the magical 0.1% returns!!

    Funny how you never get a 0.1% fall now, isn’t it?

    Reply
    Please complete the required fields.



  • Do Nationwide also publish the ‘unadjusted’ prices, i.e. the raw data?

    Reply
    Please complete the required fields.



  • What a load of transparently fake baloney.

    One has to wonder whether the Nationwides have some Sovietesque bureaucrat making “recommendations” for their monthly reports!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>