Is this seasonally adjusted data?
It looks like there is a gentle upward trend there.
not seasonally adjusted.
LES: "It looks like there is a gentle upward trend there."Or repossessions are moving 'upmarket'.
Dead cats bounce in the Spring.B. in C.
48% of the pending sales reported are foreclosures. Most reports omitted that little tidbit.
Any nice pictures of the British housing market? Any chance of a nice chart for the London housing market?
Gordon Brown is so mental he can't except that there was a boom bust housing and credit bubble that he created:http://www.youtube.com/watch?v=u9sO25aFjDs&feature=player_embedded
Say hello to inflation.Of course there a very large amount of deferred demand in the system. People moving jobs, expanding families etc who will have been putting of purchases.Price stability is likely to encourage them into the market.The fundamentals of the economy are another matter all together.
A recovery wouldn't look like a recovery to you, Alice.