We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage approvals leap by 19 per cent (merged)
Comments
-
WOW you sound stressed Dude !! ... Not getting Clobbered by Negative Eq by any chance ?If I could see just ONE person who doesn't strike me as a biased, recession loving maniac intent on seeing everyone bankrupt then I might start taking these "prices to fall to 15 pence" claims seriously, until then I'll just stick with the facts.
Too many bitter little individuals post what they WANT to happen as fact here, no wonder the board is being moved where the general public won't find it.
0 -
WOW you sound stressed Dude !! ... Not getting Clobbered by Negative Eq by any chance ?
Erm, no, and I'm not really sure how that's relevant.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
A quote from the BBC article on this topic today."February's household borrowing figures suggest that housing market activity may finally have turned a corner," said Vicky Redwood at Capital Economics.
"However, approvals have a long way to go before they get to levels that are no longer consistent with falling house prices - in fact they need broadly to double."
Sounds a reasonable view without any hype.0 -
Thrugelmir wrote: »Sounds a reasonable view without any hype.
Well it has no place on this board then.:beer:0 -
The reason that mortgage approvals were up in February (compared to January) is that there is a marked seasonal effect, as can be seen from the attached graph. Mortgage approvals in January are largely based on transactions in December, which is a very quiet month in the property market. It is hardly surprising that February 2009 mortgage approvals are higher than January 2009, as that happens every year.
Good point.
The BBC/Capital Economics report seems like a less hyped view of these stats.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Yep its clear to see from the graph that the fall in prices will stop as of today :rolleyes: .. Anyway as we have entered the deepest Recession since ww2 ...That might just have some bearing on things dont ya think
.... In short, prices have a way to fall yet.
You forgot to mention that BR is 0.5 and the Govt have started printing the dosh
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Ahh, but it was widely agreed some months ago that when we see mortgage approvals on the rise, house prices will follow.
I suspect that will be all changed now.
Ok fair enough, I must have missed that one, otherwise I would have said we need 90,000 approvals a month to create the demand to stop prices falling further.0 -
Good point.
The BBC/Capital Economics report seems like a less hyped view of these stats.
Capital Economics :rotfl:
http://www.marketoracle.co.uk/Article7183.html'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The reason that mortgage approvals were up in February (compared to January) is that there is a marked seasonal effect, as can be seen from the attached graph. Mortgage approvals in January are largely based on transactions in December, which is a very quiet month in the property market. It is hardly surprising that February 2009 mortgage approvals are higher than January 2009, as that happens every year.
Yes but yes but yes but
[SIZE=-1]Mortgage lending grew almost twice as fast as expected in February[/SIZE]'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I downloaded the base data from the bank of england, and the 19% being talked about is the seasonally adjusted figure.No reliance should be placed on the above! Absolutely none, do you hear?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards