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R K

Markit House Price Sentiment Indicator Reaches New High

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http://www.markiteconomics.com/Survey/PressRelease.mvc/77710f28435e41d0b8a9e5eabdcdfb79

The future House Price Sentiment Index hit a record high in February, indicating that prices are expected to rise at the strongest rate since the index began in early 2009

Households in every region expect that the value of their home will rise over the next 12

Households in every region of the UK perceived that the value of their home rose inFebruary, led by London

A lead indicator

Since the inception of the HPSI, the index has been a clear lead indicator for house price trends. Figure 2 shows that the index moves ahead of mainstream house price indices, confirming the advantage of an opinionā€based survey which provides a current view on household sentiment, rather than historic evidence from transactions or mortgage market evidence.

Households in every region expect the value of their home to rise over the next 12 months, with expectations rising to a record high in six of the 11 regions , led by London (81.8). Record highs were also reached in the West Midlands (72.7), the South West (74.4), the North West (76.1) the South East (78 .7) and the East of England (79.6).

Don't worry - Carney has a 'toolkit' to deal with this.

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It's very unusual for house prices throughout the entire country (or at least almost the entire country) to be increasing all at the same time except when in a bubble.

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It's very unusual for house prices throughout the entire country (or at least almost the entire country) to be increasing all at the same time except when in a bubble.

Well it rather p1sses on Carney's (it's only in London and we don't intend to do anything about that) chips certainly.

With Lloyds/RBS sell-offs in the pipeline, TSB float and the desire for 'more competition' in the banking sector there's no way Carney's going to remain anything other than behind the curve on this. Ditto Osborne. They've spent years trying to engineer this recovereh.

Edited by R K

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Well it rather p1sses on Carney's (it's only in London and we don't intend to do anything about that) chips certainly.

With Lloyds/RBS sell-offs in the pipeline, TSB float and the desire for 'more competition' in the banking sector there's no way Carney's going to remain anything other than behind the curve on this. Ditto Osborne. They've spent years trying to engineer this recovereh.

just one problem....few have money or a desire to buy at the now...back to normal...2007++....loony prices.

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