Re: Us Mortgage Lender Collapses

Postby Tama on Thu 11/Jun/09 12:24pm

Why the hell does the media keep on asking the Real Estate Institute about the housing market? Isn't that like asking British American Tobacco about the health benefits of smoking?

http://www.stuff.co.nz/business/persona ... s-on-block wrote:Although both the prices fetched and volume of sales are steady, there's an "acute" shortage of houses up for sale, the Real Estate Institute says.

The Real Estate Institute of New Zealand (REINZ) said today the median price for houses sold in New Zealand during May was $337,500 compared with $340,000 in April and represented a 2.17 percent fall on the national median house price in May 2008.

The total number of sales in May was 6,291, slightly higher than April's 6,210 and well up on the 4,372 sales recorded in May 2008.

It took an average of 42 days to sell a house during May, the same as April and quicker than the 49 days in may 2008.

REINZ president Mike Elford said the signs pointed to market stability and showed people were prepared to pay market prices rates for property.
Tama
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Re: Us Mortgage Lender Collapses

Postby adam77 on Thu 11/Jun/09 1:26pm

i think coz they've got the data?
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Re: Us Mortgage Lender Collapses

Postby tylersdad on Thu 11/Jun/09 10:00pm

i don't recall them coming out to say there was to be a property market collapse and a zillion mortgagee sales.

where was their data on that ?

i suppose this is the same as asking a car dealer on how car sales are going, and getting a response that he's never sold so many cars as he is now (a day before the company collapses).
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Re: Us Mortgage Lender Collapses

Postby happybaboon on Thu 11/Jun/09 10:18pm

Fear not! Thinktank declares the recession to be over (in England)!
http://www.independent.co.uk/news/busin ... 02147.html
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Re: Us Mortgage Lender Collapses

Postby happybaboon on Fri 19/Jun/09 10:36am

Hahahahha Bob Jones is awesome :lol: http://www.stuff.co.nz/business/industr ... n-smugness

"Land developers go broke, building developers go broke, and for very good reasons, but they're too dumb to work it out for themselves.

"Why do banks keep financing them? Because the bankers get younger every year."
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