Here is another of those "half empty, half full" charts that the housing market has been producing recently.
If you are of a pessimistic persuasion, on a year-on-year basis gross mortgage lending is down almost 50 percent. An optimist, however, would point to the recent upward trend in lending, which definitely suggests the beginning of a recovery.
Thursday, July 23, 2009
Half full, half empty
Labels:
finance,
inflation,
insolvency,
UK,
UK banking,
UK economy,
US housing bubble
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