Ash4781 Posted May 27, 2007 Share Posted May 27, 2007 (edited) http://www.ft.com/cms/s/25d649ae-0c68-11dc...0b5df10621.html In the UK, the housing market is showing clear sighs of cooling owing to rising interest rates. New mortgage approvals, due on Thursday, are expected to fall from 111,000 in March to 108,000 in April. Nationwide’s measure of house price inflation, also due on Thursday, is expected to slow from 10.8 per cent in April to 10.6 per cent in May. 10.8 to 10.6 forecast doesn't like much! I seem to remember the Nationwide figure being lower than 10.8. Edited May 27, 2007 by Ash4781 Quote Link to comment Share on other sites More sharing options...
HPC Convert Posted May 27, 2007 Share Posted May 27, 2007 (edited) http://www.ft.com/cms/s/25d649ae-0c68-11dc...0b5df10621.html10.8 to 10.6 forecast doesn't like much! I seem to remember the Nationwide figure being lower than 10.8. If the Daily Mail mentions crash its considered that the end is nigh even though the journos on that paper are not famed for economic foresight. Its pretty clear they are just tearing chunks out of Gordon because it suits and the way to do it is to spread house price gloom. Therefore, when the FT reports ongoing HPI why are our most militant posters silent? Edited May 27, 2007 by HPC Convert Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.