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Debate House Prices


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Mortgage lending in May

24

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Really2 wrote: »
    Half the pace is not half the amount that is a 12.32% increase over 2 years.
    Odd to compare, it is 4% up on 8% so still up on last years strong increases (strong because of historical lows)

    do you want to see better than 4% increases on top of 8%. Would you like to see it at 10%?

    Aren't you missing a year here? YTD 2008 = + 8%, YTD 2010 = +4%, what about YTD 2009?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 23 June 2010 at 12:43PM
    Generali wrote: »
    Aren't you missing a year here? YTD 2008 = + 8%, YTD 2010 = +4%, what about YTD 2009?

    I thought the 8% was 2009?

    edit, just seen in the article it does say 08, so I had presumed it was 09. :)
  • abaxas
    abaxas Posts: 4,141 Forumite
    HAMISH_MCTAVISH wrote: »
    Not wrong, just
    There are roughly 17 million houses in owner occupation.

    So each house sells once every 17 years on average.

    Actually it must be inbetween both of those values.

    Also you cant use the owner occupation number as houses that are rented also get sold.
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Good to see that the number of approvals for both remortgages and house purchases is rising. This augurs well for continued growth in house prices over the Summer

    ;)
  • nembot
    nembot Posts: 1,234 Forumite
    HAHAHA Post spring bounce = 600'ish extra mortgages

    LOLOLOL

    :beer:
  • Dirk_Rambo
    Dirk_Rambo Posts: 387 Forumite
    doire wrote: »
    Re-mortgaging accounted for the lion's share of loan approvals with 24,626 taking out new or replacement loans on their existing property.
    .
    jee whiz, just when you think things cant get any worse for the housing market it does. i reckon this will just speed up the house price falls witnessed round where i live.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    nollag2006 wrote: »
    Good to see that the number of approvals for both remortgages and house purchases is rising. This augurs well for continued growth in house prices over the Summer

    ;)


    Yeah mortgages for FTB are flying off the shelves :rotfl:
  • nembot
    nembot Posts: 1,234 Forumite
    Maybe it's a little too hot for buyers at the moment!!

    LOL

    :beer:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    chucky wrote: »
    someone needs to explain net lending and mortgage approvals to doire - he doesn't seem to understand and thinks they're the same thing :eek:
    once you finished with that one you'll need to educate Nembot and Rick Dambo too
  • Dirk_Rambo
    Dirk_Rambo Posts: 387 Forumite
    fair dues chucky, ive gotta admire you for putting such a brave face on bad news
This discussion has been closed.
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