***House prices up 1.2% in May***

chucky

ad9898 wrote: »

It can't just carry on, bond markets are getting increasingly nervous, our credit rating is negative at the moment, the printing presses will have to stop at some point, either the government will do it by their own hand or, their hand will be forced, it's either one or the other.

is this the Moodys rating or all ratings agencies?

chucky

Graham_Devon wrote: »

No one can explain exactly how, with no sales in Merthyr in the last 2 months, house prices have gone from YOY figures of -11% in Feb, -5.5% in March and +3.3% in April. That's some serous increases in 2 months when no houses have sold.

here's the values for the last few months

January 2009 £70,572
February 2009 £76,303
March 2009 £80,762

granted their has been low volumes but it has increased by quite a bit too

it's also interesting that they're hitting the trend line - is this bringing it back to normality?

mewbie_2

Oh Christ, I really have seen it all now.

nearlynew

chucky wrote: »

well that's what i was insuating - without QE and shoring up lenders balance sheets we'd be in a big mess.

so i'm not unconfident about the future - banks are looking like their able to pay back the bailouts and have started to lend more slowly. it wil only be a matter of time before this increases gradually.

however, if more problems appear i can see us reverting to the October and November days last year. but touch wood everything seems to be ticking along but we still have to be weary of the future.

And what happens when the banks come looking for a bit more?

Have you any idea what money is or where it comes from?



(that's a rhetorical question by the way)

chucky

nearlynew wrote: »

And what happens when the banks come looking for a bit more?

Have you any idea what money is or where it comes from?



(that's a rhetorical question by the way)

why would they be coming back looking for more?

have you got secret information?

lostinrates

For those among us:o who are neither statisticians can someone explain the graph and how it answers Deveons question?

Also, as seasonal variation is the key phrase of this season it seems, how is this calculated, please?

Is it true that no sales can show as a price increase?

nearlynew

chucky wrote: »

why would they be coming back looking for more?

I rest my case

chucky

lostinrates wrote: »

For those among us:o who are neither statisticians can someone explain the graph and how it answers Deveons question?

Also, as seasonal variation is the key phrase of this season it seems, how is this calculated, please?

Is it true that no sales can show as a price increase?

Graham is being ingenious when he says there were no sales - because when there are low volumes the Land Registry does not indicate how many sales took place.

LR's seasonally adjusted is more complex as it has a lag and isn't as straightforward.
they lag but they stll try to remove the influence of seasonal variations on house price changes.

lostinrates

chucky wrote: »

LR's seasonally adjusted is more complex as it has a lag and isn't as straightforward.
they lag but they stll try to remove the influence of seasonal variations on house price changes.

Thank you.

How so they do this?

nearlynew

chucky wrote: »

Graham is being ingenious ehn he says no sales - because when there are low volumes the Land Registry does not indicate how many sales took place.

LR's seasonally adjusted is more complex as it has a lag and isn't as straightforward.
they lag but they stll try to remove the influence of seasonal variations on house price changes.

Please let the prices be higher next month.

Please.

Please.

Please.

Or I'll scream and scream until I'm sick.