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Housing report: Housing listing stress and mortgagee listings increasing again
November 9th, 2009Watch the You Tube video here.
Bernard Hickey delivers a housing report in association with ASB, including a look at indicators of housing stress and mortgagee listings showing a tick up in recent weeks. See here for an interactive chart.
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November 9th, 2009 at 10:14 pm
This is great analysis. Strangely, such stress illustration is not reported in other news media.
November 9th, 2009 at 11:13 pm
Yes – but how much of this is estate agent hype to interest buyers into believing they may get a a bargain?
November 10th, 2009 at 1:25 pm
Bernard, your head was in the way of the right hand end (Oct/Nov) of the graphs, especially the mortgagee sales one – hiding the points that you were making about trends in recent weeks.
November 10th, 2009 at 2:33 pm
Yes YoungTel, Bernard’s head is far too large.
November 10th, 2009 at 2:36 pm
YoungTel,
Many thanks. Click on the interactive chart to see it whole and in your own time. http://www.interest.co.nz/charts/gallery12-120.asp
Chris_J
Lovely to have you back
cheers
Bernard
November 10th, 2009 at 4:05 pm
Those initials : B.H . ( big head ) , oh dear . Be of good cheer , Bernard , there is this Russian boxer , a 7 footer called Nikolai Valueev , who has a melon even bigger than yours ……….. And next to him you look real purty too . He looks like the Crafars have zapped him 1000 times with the cattle prods .
November 11th, 2009 at 9:32 am
I too was frustrated with the inability to see the graph, so sought out the original, as given above.
As has become a bit too common Bernard, you have started with some interesting data, that on the face of it would seem to make sense, but your analysis seems lacking, or the bits that suit seem to have been sensationalised while the bits that dont, forgotten.
From your graph based in “Stress indicators”, as might be used for real stress, or as might equally be used as Marketing Ploys by sales agents, as we have seen for the last year or so with property being advertised as “Bank wants it gone” etc whether mortgagee sale or not,
It can be seen that the use of “stress terms” has indeed increased, however so have the number of listings, and your % graph shows that in % terms “stress indicator”has actually gone down !!!!
I am of the opinoin that stress probably is increasing and that we could be due for another round of mortgagee sales etc based on increasing unemployment numbers, however your data does not seem to be a valid indicator of the true situation due to it’s source/ basis- that of particular terms used in advertising.