Tuesday, Jun 02, 2009
A good angle on the Nationwide index
Write About Property: UK House Prices: 2nd Rise in 3 Months, is the Market Turning?
This is the second monthly increase recorded by Nationwide in the space of three months, and it comes at a time when there has been a lot of positive reports about the housing market; with both the Royal Institute of Chartered Surveyors, and the National Association of Estate Agents reporting rising transactions and the British Bankers Association reporting an increase in mortgage approvals for home purchases in April.
The positive news brings up the possibility of a great irony however, in that it may be the amassing of positive news that leads to the extermination of any green shoots that there may be.
Posted by problem pete @ 08:55 AM (149 views) Add Comment
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