March Mortgage Approvals down 6.8% BBA says

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Dan: wrote: »

What!.... you're actually get our wallet out ad?

Mmmm, never thought about that, maybe the best thing to do would be open a tab, then after about 6 pints pretend to goto the toilet and leg it out of the rear entrance.:D

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Another graph, borrowed from another site, it does show how far things would have to go, just to get back to the average.

StevieJ

How about finding a graph that plots - House prices - Unemployment - Interest Rates.

StevieJ

Cannon_Fodder wrote: »

Quality homes?




Looks like developers have left it a bit late, and are praying to get someone (several someones) from the Rich List who has benefitted from the downturn.

Quality homes does not mean very expensive homes, it means desirable to certain buyers.

Cannon_Fodder

As everyone has a different opinion on what constitutes quality, I thought the top end would be more useful than sub-£50k properties...

There are thousands of properties out there, per major town.

Take your pick.

the_ash_and_the_oak

kinda weird that a March is lower than a Feb for transactions in any year imo. not really feeling this is good for anyone tbh. if you in the rising camp transactions need to be rising esp at this time of year - if you are in the falling camp think transactions also need to rise from current levels or the falls won't really manifest themselves - you just have stasis.

I guess most would prefer wherever the bottom is to be reached quicker rather than slower seems the current policy of mitigating falls as much as possible will lead to a more protracted decline (tho it has to be said the monthly falls have been quite strong - stronger than the US as a whole, tho admittedly not nearly as strong as in the bubble states)

northernflyer

I have seen an ever increasing number of properties for sale round Carlisle, lots sticking on the market and starting to see some nice reductions but still further to go I am sure.

carolt

the_ash_and_the_oak wrote: »

kinda weird that a March is lower than a Feb for transactions in any year imo. not really feeling this is good for anyone tbh. if you in the rising camp transactions need to be rising esp at this time of year - if you are in the falling camp think transactions also need to rise from current levels or the falls won't really manifest themselves - you just have stasis.

I guess most would prefer wherever the bottom is to be reached quicker rather than slower seems the current policy of mitigating falls as much as possible will lead to a more protracted decline (tho it has to be said the monthly falls have been quite strong - stronger than the US as a whole, tho admittedly not nearly as strong as in the bubble states)

Interesting point.

Would most people prefer quick falls? I know I would, but obviously I'm biased.

That said, a short sharp shock is surely better for the majority than a protracted decline, long-term unemployment etc etc.

Unfortunately, given that the entire govt policy is based entirely on sustaining a bubble of debt and floating the country, they daren't let it go down at all as it will become apparent that they were all swimming with no trousers on.

Fortunately, they can't hold back the waters any more than whichever famous personage it was who couldn't hold back the waters either (can't remember who it was. Anyone?).

the_ash_and_the_oak

Not sure - problem with quicker falls is doesn't necessarily mean you get to the same point more quickly, can feed back into itself, more jobs being lost more quickly - sentiment taking a heavier battering (is actually not too bad atm!) - things could spiral more if this were to happen and end up worse than they would have been.

Think current policy is to make declines manageable. On the fence about this one tbh but don't think a more protracted and gradual decline is necessarily a bad thing per se

chucky

StevieJ wrote: »

How about finding a graph that plots - House prices - Unemployment - Interest Rates.

sorry hpc.co.uk don't do one - i wonder why