Thursday, June 30, 2011

0% MoM, -1.1% YoY

June Index

Yawn

Posted by phdinbubbles @ 07:04 AM (4893 views)
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11 thoughts on “0% MoM, -1.1% YoY

  • phdinbubbles says:

    Up 0.6% NSA.

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  • mark wadsworth says:

    Oh dear. The Nationwide used to be the most reliable but this month they’re less reliable than HM Land Reg and only a third as reliable as Home Track.

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  • Oh well not going up is good for this time of year.

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  • Look at it this way.

    When the Nationwide index finally catches up with reality, it will have to announce drops that will scare the wits out of Joe Public.

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  • It is a ”yawn” actually. It just amazes me that houses appear to be holding their value, this seems to be more down to a belief in property than anything else.

    The role of BOE is absolutely key in this game.

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  • Ringing Roger says:

    The Nationwide index’s resilience to the price falls experienced by other indices is due to their mortgage customer base being skewed towards the south of England.

    @ hpwatcher – yes the BofE is key – yes, not only in terms of interest rate setting, but also because if QE3 is launched, significant proportions of that money will percolate through the banks into the residential markets of London and its environs.

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  • sibley's b'stard child says:

    Oh well, i’m sure I can rely on the Halifax to remain on song.

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  • Double top incoming?

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  • @6 Ringing Roger

    Agreed. Having a healthy balance sheet gives license to rig sentiment, it would seem.

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  • holding out says:

    Are there any of these HPI surveys which compare like with like. When transaction levels are so low and near to 100% mortgages unavailable it is impossible to determine which direction prices are headed. Too early to get out the Pom poms

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  • The house price chart is beginning to look like the FTSE over the past 15 years. An oscillator which is going slowly south.
    The free meal house price increase era has gone. Time for prices to readjust.

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