Wednesday, May 4, 2011

-0.2%MoM, -1.3% YoY

House prices fall by 0.2% in April

"The price of a typical house fell by 0.2% in April, which left prices 1.3% lower than the same period of 2010. The three month on three month measure of house prices, a better measure of the underlying trend, showed a modest rise of 0.6%." Prices actually up 0.5% on the month before the seasonal adjustment

Posted by little professor @ 08:19 AM (4563 views)
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9 thoughts on “-0.2%MoM, -1.3% YoY

  • The trend line is taken as a constant 2.9% per annum how closely does this relate to real wage inflation? It would be more useful to show a graph showing average house prices against averages wages as the trend line as these things are more closely related that a mythical 2.9%.

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  • The EAs need something to tempt FTBs. Maybe the Nationwide’s 5% deposit plan will do it?

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  • sibley's b'stard child says:

    Rather underwhelming although at least the Forex prediction of +0.3% was out by a decent margin. Up a bit, down a bit, rinse and repeat.

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  • Almost what I was looking for in the Nationwide report, however this would be much better as household income vs house prices as this graph could be misleading.

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  • uncle tom says:

    That long run average line would be a lot lower if it started in, say, 1960…

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  • mark wadsworth says:

    Yeah! Spring bounce! I blame the Royal Wedding and the nice weather!

    Where’s PhD’s lovely chart?

    @ UT, possibly true, but the one to look out for is the mid-1990s, in terms of price-to-earnings ratio, that was the lowest it ever was.

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  • mark wadsworth says:

    I suppose I ought to add that, unusually, the seasonally adjusted fall is more reliable than the unadjusted increase.

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  • Given that we’ve had two months of perfect, dry, spring house-hunting weather (in the south, at least..) the market should be buzzing right now..

    .not, I think….

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  • orcusmaximus says:

    Wow. This is the first time I’ve seen ‘seasonally adjusting’ take a rise and turn it into a fall. Amazing.

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