Property Transactions UP in January 2012

AndyGuil

DpchMd wrote: »

So you were wrong? See if you can say it.

The trend is still down as I said. The market conditions are going to continue to punish this market. The downside is quite big and the risk is growing with the eurozone issue. A movement well within its volatility range is not a trend and is not reliable. It is has continued its move from its healthy market peak.

DpchMd

chucky wrote: »

Quite... Nearly 52,000 mortgage approvals in one month is very poor.

You have to despair with some people sometimes.

The point I've been trying to make to Mr Guil, is that mortgage approvals have been stagnating for some time.

He's been getting oh-so-excited about mortgage approvals crashing that he even went and resurrected a 2 month old thead to prove it.... in a month where mortgage approvals rose *facepalm".

It's almost like he has an agenda.

AndyGuil

chucky wrote: »

Quite... Nearly 52,000 mortgage approvals in one month is very poor.

You have to despair with some people sometimes.

It is a representation of the market on a whole. It is incredibly low restricted by supply and lack of credit.

chucky

DpchMd wrote: »

The point I've been trying to make to Mr Guil, is that mortgage approvals have been stagnating for some time.

He's been getting oh-so-excited about mortgage approvals crashing that he even went and resurrected a 2 month old thead to prove it.... in a month where mortgage approvals rose *facepalm".

It's almost like he has an agenda.

Poor Andrew, it's best to leave the extremists and not take them seriously.

DpchMd

AndyGuil wrote: »

The trend is still down as I said. The market conditions are going to continue to punish this market. The downside is quite big and the risk is growing with the eurozone issue. A movement well within its volatility range is not a trend and is not reliable. It is has continued its move from its healthy market peak.

You also said this:

AndyGuil wrote: »

No exemption in April, pretty obvious which way it is going.

But what did happen in April Andy?

chucky

AndyGuil wrote: »

It is a representation of the market on a whole. It is incredibly low restricted by supply and lack of credit.

Incredibly low? Wow, you do like colourful language don't you.

What would you say is average if 52,000 mortgage approvals are very poor and incredibly low.

AndyGuil

DpchMd wrote: »

The point I've been trying to make to Mr Guil, is that mortgage approvals have been stagnating for some time.

He's been getting oh-so-excited about mortgage approvals crashing that he even went and resurrected a 2 month old thead to prove it.... in a month where mortgage approvals rose *facepalm".

It's almost like he has an agenda.

The approvals rose for the end of the stamp duty holiday especially January, following which they fell (which is why I resurrected the thread as you put it, to consider the movement from the start of the rush January to the end in March). They have risen again in April, albeit very slightly. However the trend has not changed. It is still suffering greatly in comparison to the normal healthy market volume. The market conditions have not changed which suggest further issues to come.

DpchMd

AndyGuil wrote: »

The approvals rose for the end of the stamp duty holiday especially January, following which they fell (which is why I resurrected the thread as you put it, to consider the movement from the start of the rush January to the end in March). They have risen again in April, albeit very slightly. However the trend has not changed. It is still suffering greatly in comparison to the normal healthy market volume. The market conditions have not changed which suggest further issues to come.

Why did they [STRIKE]rise[/STRIKE] stagnate again in April, Andy?

chucky

AndyGuil wrote: »

However the trend has not changed.

Ok Andrew. You got a chance to redeem yourself... Are you looking at monthly, quarterly or annual trend?

MrRee_2

Whatever the numbers say - the word on the street is that House Prices are where they were 4 years ago - no collapse, no drop off a cliff, just steady as she goes.

REJOICE!!