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Housing Market "far stronger" than a year ago

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    skap7309 wrote: »
    But still massively below what is needed for HPI. .

    And yet HPI has occurred pretty consistently since February.....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    JanCee wrote: »
    It is exactly the same source as this article which none of you deemed irrelevant at the time.

    Well it was based on a survey. Not just "president believes".
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    And yet HPI has occurred pretty consistently since February.....

    You know what? I never knew a whole quarter of one single year in 2009 could be talking about and ramped so much.

    You'll dump this line soon, just like those with a heart of stone who had a love affair with Merthr Tydvil dumped that place and fell smitten with Aberdeen.
  • skap7309
    skap7309 Posts: 874 Forumite
    HAMISH_MCTAVISH wrote: »
    And yet HPI has occurred pretty consistently since February.....

    Not according to the 'widely accepted, most accurate' Land Registry. It has not reported a rise since November 2007 in my area (Cambridgeshire) getting on now for 2 years ago.

    Quite significant.
  • JanCee
    JanCee Posts: 1,241 Forumite
    Graham_Devon wrote: »
    Well it was based on a survey. Not just "president believes".

    Both are based on surveys by the NAEA. You can't applaud a source in one thread because you agree with the findings and then rubbish it in another because you don't. Well you can but it undermines your argument.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    skap7309 wrote: »
    Not according to the 'widely accepted, most accurate' Land Registry. It has not reported a rise since November 2007 in my area (Cambridgeshire) getting on now for 2 years ago.

    Quite significant.

    The LR is the toy in waiting. Will get played with when Nationwide reports drops, as the LR should then be reporting rises. So the goalposts will be changed again ;)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    JanCee wrote: »
    Both are based on surveys by the NAEA. You can't applaud a source in one thread because you agree with the findings and then rubbish it in another because you don't. Well you can but it undermines your argument.

    Well I didn't applaud that source you are talking about.

    But my point was, one is based on a survery of ESTATE AGENTS, the other is based on a survey of BUYERS.

    Slight difference.
  • skap7309
    skap7309 Posts: 874 Forumite
    Graham_Devon wrote: »
    The LR is the toy in waiting. Will get played with when Nationwide reports drops, as the LR should then be reporting rises. So the goalposts will be changed again ;)

    Oh yes i totally expect to see imminent rises. The big question is, for how long and how big remains to be seen and at the same time which way will Haliwide swing in the near future?
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    Same story, spun differently - Slowdown in June housing market
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    How can it be 'far stronger' if fewer people can get decent mortgages now???? :confused:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
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