Jump to content
House Price Crash Forum
Sign in to follow this  
Sybil13

Are Cml Approval Figures For April Due Out Today?

Recommended Posts

I have been waiting for April approval figures when are they due?

Just looked and Halifax is due too isn't it?

OK answer some of my own Q's just read this:

Tomorrow's Bank of England report is expected to show another modest improvement in mortgage approvals for house purchases to over 40,000 from a record low of 27,227 in November 2008 and most commentators expect tomorrow's Halifax survey to show another fall in house prices, although a much slower fall than recorded in earlier months.

So just the CML figures, anyone?

God are we really going to have endless ramping all week !

Edited by Sybil13

Share this post


Link to post
Share on other sites
I have been waiting for April approval figures when are they due?

Just looked and Halifax is due too isn't it?

Land registry data out today at 11am. Halifax out sometime this week.

Share this post


Link to post
Share on other sites

yes, it takes Halifax some time to re-interpret the data to give the best result... though now the government is on board they should be able to get this done in minutes rather than days.

Share this post


Link to post
Share on other sites
yes, it takes Halifax some time to re-interpret the data to give the best result... though now the government is on board they should be able to get this done in minutes rather than days.

For those who think this is just a personal opinion of a HPCrasher this is what Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors said during a moment of honesty in March 2009:

Most of the house price indices suggest prices have fallen by up to 20pc from the peak. However, many of our members [surveyors and estate agents] cast doubt on this and calculate independently that the scale of price falls has been even greater − 30pc or more already. They suspect the Nationwide and Halifax figures are underestimating scale of the peak-to-trough fall to date.

Looking at the surveys you have to come to the conclusion that we aren't at the bottom by any stretch yet. Our members are still expecting further falls in prices, according to our survey, and if there's anyone you might expect to be talking up the market it is them.

Since RICS have backtracked speaking of 30% falls in total but then their livelyhood depends on people buying property .

Share this post


Link to post
Share on other sites
yes, it takes Halifax some time to re-interpret the data to give the best result... though now the government is on board they should be able to get this done in minutes rather than days.

:D ah, the good old Haliwide stats, inbred cousin of the rightmove asking price stats.

Share this post


Link to post
Share on other sites
:D ah, the good old Haliwide stats, inbred cousin of the rightmove asking price stats.

:lol: yes, back when the indices started to roll over they moved the goalposts so much they would no longer stand up

Share this post


Link to post
Share on other sites
God are we really going to have endless ramping all week !

Yes, it's the least they can do Brown has blown hundreds of billions of pounds of tax payers money

to buy votes for 4th of June elections, we'll be paying it back for years, it's a shame it'll be all a

waste of money when they vote lower than UKIP.

Last months mortgage lending was the lowest in ten years and todays foot-fall numbers for the

shops has plunged, it's all bullsh*t to win votes for Brown, the downhill spiral will resume after

the elections.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   292 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.