1). Total sales flat year-on-year. New sales lower and second-hand higher;
2). Month-on-month total sales considerably higher, but if they weren't more than December's we'd truly have something to worry about;
3). Rolling 12-month total sales flat, new slightly negative and used positive.
New readers might peruse our 'Real Estate Economy' category to get an idea of what non-alarmist point we're trying to make here.
1 Comments:
Mr Butler,
We have both been very quiet lately. Reality is to boring for los 'aburridistas' or 'monotonists'?
Just looking at the previous post and the data on LTV and wondering whether it could be combined with the data on the average mortgage size from INE to get a new indicator of house prices ... What do you think? Would it be any better/different from what we already have?
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