Housing market recovery?

[MyNeighbourIsStrange]

After Nationwide last reported house falls again last month, they are now reporting rises again.

I suppose it is all supply and demand, not a lot of housing stock available.

Or specifically, they have reported a single month's rise - one of three in the last nine months (the others were all falls) - and of course only for those properties which have actually sold (and bought with a NW mortgage of course). And putting this all in context, they also reported a negative 3 month on 3 month change and a negative annual change.

No, there's not a lot of housing stock available...but there's not too many proceedable buyers about either and its the balance of the two that counts. And if you look at reports such Hometrack's, you'll see that supply has been growing faster than demand for much of this year.

There was a report a few days ago, I think it was based on land registry figures, showing house prices increasing.

Quite a surprise in a global recession.

Either direction makes for good headlines. Those wanting rises/falls will jump on the reports that suit. The truth is that incredibly small volumes of houses are selling which makes it very difficult to extrapolate much meaning from these monthly figures.

Supply and demand! Hopefully a small increase in prices will encourage more vendors on to the market and maybe, just maybe after 3 years of looking I'll find something I can buy!