Thursday, Apr 29, 2010
Things are not what they seem
Times Online: Cracks appear in the housing market recovery
When is a housing market recovery not a housing market recovery? When price rises are not based on “fundamentals” — the jargon for genuine confidence and high transaction levels, but are skewed by market forces of low supply and high demand — and the lowest interest rates in history.
Posted by mnorman @ 01:48 PM (612 views) Add Comment
4 Comments
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1. miken said...
I couldn't see any information in the Nationwide release to say how many property sales their statistics are based on. It's very poor releasing monthly statistics when this information is not made clear. The 10.5% annual increase could have been based on relatively few property sales.
2. Ftber said...
The Times like to put a little bit of Bear Bait out every now and again, as the only time people who bother to look at their site, is when it is linked to this one.
HAHAHAHAHA.
3. wiltshire said...
I think it's fair to say the 10.5% annual increase has been based on relatively few property sales.
4. amjidk said...
surely this can't go on (if it's true)