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munimula

Mortgage Approvals

38 posts in this topic

Anyone interested in this thread should take a look at this thread-

Charting the UK market, started by Dr Bubb. It's in the investment section, confusingly under "Oversees Property".

Go to the last post and scroll back. You won't be disappointed.

Jake.

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[url="http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=7308487"]http://www.reuters.com/financeNewsArticle....storyID=7308487[/url]

The US mortage market is drying up also. The best sign yet that the international irrational exuberance is grinding to an uncomfortably fast stop.

Some of the best quotes from the US article:

"A further drop in the purchasing index will likely prompt additional concern about the strength of the housing market.

"If there is another week of weak data, (this) combined with recent (housing) starts and home sales data will raise many questions about whether the housing boom has ended," said Drew Matus, senior financial economist at Lehman Brothers.

U.S. housing starts plummeted 13.1 percent in November, the biggest dive in nearly 11 years, as groundbreaking fell sharply across the nation, according to the Commerce Department. The number for December will be released Jan. 19.

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[quote name='Bullish Bear' date='Jan 16 2005, 09:17 PM'][img]http://portal.telegraph.co.uk/money/graphics/2005/01/16/ccecag16big.jpg[/img]
[right][post="55411"]<{POST_SNAPBACK}>[/post][/right][/quote]

What's that hissing sound that I keep hearing?

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Another lending graph.

Oops ignore - same as Benjamin's post!

[url="http://213.225.136.206/mfsd/current/li/lendind.pdf"]http://213.225.136.206/mfsd/current/li/lendind.pdf[/url]

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Thanks for all the data.....looks like the Sunday Times was correct...........we appear to be in the 'lag phase' at the moment. Just hang on in thier and, as is often said.......................HISTORY REPEATS ITSELF or HINDSIGHT IS A WONDERFUL THING

Cheers

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I can't recall the guy's name, but this one chap predicted that when mortgage approvals collapsed, or when the amount of money being lent decreased, that was the sign of DOOM.

Apparently he predicted the last crash as well, I think.

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[quote name='RichM' date='Mar 15 2005, 06:37 PM']I can't recall the guy's name, but this one chap predicted that when mortgage approvals collapsed, or when the amount of money being lent decreased, that was the sign of DOOM.

Apparently he predicted the last crash as well, I think.
[right][post="82868"]<{POST_SNAPBACK}>[/post][/right][/quote]


I think you're thinking of Professor Gordon Pepper:

[url="http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2003/09/17/prosy17.xml"]http://www.telegraph.co.uk/property/main.j.../17/prosy17.xml[/url]

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[quote name='zzg113' date='Mar 15 2005, 06:39 PM']I think you're thinking of Professor Gordon Pepper:

[url="http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2003/09/17/prosy17.xml"]http://www.telegraph.co.uk/property/main.j.../17/prosy17.xml[/url]
[right][post="82869"]<{POST_SNAPBACK}>[/post][/right][/quote]

Well done zzg, as ever you've proved that you're the man to watch on hpc.co.uk...

Drop in turnover, drop in mortgage lending. Simple as that.

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[quote name='RichM' date='Mar 15 2005, 05:37 PM']I can't recall the guy's name, but this one chap predicted that when mortgage approvals collapsed, or when the amount of money being lent decreased, that was the sign of DOOM.

Apparently he predicted the last crash as well, I think.[/quote]

Love the avatar.

Mortgage approvals are way down, yet my close freind who is sales manager for a large E/A chain in London reports booming sales and viewings. I believe him because he was all bearish in the second halve of 2004 and often told me they were way under targets.

Lot of strange stuff going on out there.

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[quote name='dogbox' date='Mar 15 2005, 06:58 PM']Love the avatar.

Mortgage approvals are way down, yet my close freind who is sales manager for a large E/A chain in London reports booming sales and viewings. I believe him because he was all bearish in the second halve of 2004 and often told me they were way under targets.

Lot of strange stuff going on out there.
[right][post="82883"]<{POST_SNAPBACK}>[/post][/right][/quote]

Cheers brother bear <<< :D >>>

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[quote name='zzg113' date='Mar 15 2005, 05:39 PM']I think you're thinking of Professor Gordon Pepper:

[url="http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2003/09/17/prosy17.xml"]http://www.telegraph.co.uk/property/main.j.../17/prosy17.xml[/url]
[right][post="82869"]<{POST_SNAPBACK}>[/post][/right][/quote]


Professor Pepper, so misunderstood...

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