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Houseprices on the UP...and Mortgage Lending UP by 26% in last month!

breadlinebetty
breadlinebetty Posts: 896 Forumite
in House buying, renting & selling
Mortgage lending was UP by 26% last month (so the banks are lending again!) and houseprices are on the UP too. House sales have increased too!

Here is the link:

http://www.dailymail.co.uk/news/article-1207827/Mortgage-lending-jumps-26-month.html

Comments

  • themanbearpig
    themanbearpig Posts: 481 Forumite
    Part of the Furniture Combo Breaker
    edited 21 August 2009 at 1:12AM
    LOL

    You need a lesson in percentages. Sales volumes are still half as much as 2008, and about 1/3 of the previous "normal" levels. A large % increase of a very small number, equals a very small change.


    Take a look at this graph:
    default.asp?g=1&gt=2&a=E%26W%2DALL&s=01%20January%202000&e=01%20June%202009&t=1

    And mortgage lending:

    GLJuly2009.png


    If you actually read the article properly, its actually saying the tiny volumes pickup you can see is due to a seasonal bounce in the market, and they expect them to fall again.

    And in regards to house prices, you can clearly see that the trend line has stablised, not risen. Prices stayed at low level for 9 years in the last crash, nobody is going to 'miss the boat' by any means.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    breadlinebetty wrote: »
    Mortgage lending was UP by 26% last month (so the banks are lending again!) and houseprices are on the UP too. House sales have increased too!

    Here is the link:

    http://www.dailymail.co.uk/news/article-1207827/Mortgage-lending-jumps-26-month.html

    Sorry but that was so last month, prices have resumed crashing again back to normal levels. Keep up you are behind :D
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • lethal0r
    lethal0r Posts: 408 Forumite
    themanbearpig wrote: »
    You need a lesson in percentages.

    and then you follow that comment with a graph that is about 4 months behind the OPs data.
  • pinkshoes
    pinkshoes Posts: 20,619 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    breadlinebetty wrote: »
    Mortgage lending was UP by 26% last month (so the banks are lending again!) and houseprices are on the UP too. House sales have increased too!

    Here is the link:

    http://www.dailymail.co.uk/news/article-1207827/Mortgage-lending-jumps-26-month.html

    It's the Daily Mail, so not even worthy of clicking on.
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • davsidipp
    davsidipp Posts: 11,514 Forumite
    brit1234 wrote: »
    Sorry but that was so last month, prices have resumed crashing again back to normal levels. Keep up you are behind :D
    not like you are saying 50% in london i dont think so only overpriced new developments in undesireable areas.
    Before you point fingers,make sure your hands are clean !;)
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    themanbearpig wrote: »
    You need a lesson in percentages.
    Not to mention a lesson in posting in the house price forum.
    Been away for a while.
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    breadlinebetty wrote: »
    Mortgage lending was UP by 26% last month (so the banks are lending again!) and houseprices are on the UP too. House sales have increased too!
    So absolutely all of this is positive?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • breadlinebetty
    breadlinebetty Posts: 896 Forumite
    For some people it obviously is. Unfortunately we don't all live in an ideal world where every single person can afford the home of their dreams.
  • not_loaded
    not_loaded Posts: 1,187 Forumite
    Part of the Furniture Combo Breaker
    brit1234 wrote: »
    Sorry but that was so last month, prices have resumed crashing again back to normal levels. Keep up you are behind :D
    Wishful thinking I'm afraid! :D

    and there's no need to shout!
This discussion has been closed.
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