"We now know that housing participants responded to the sharp turn-around in home loan affordability almost immediately: in November, RP Data-Rismark reported the first increase in seasonally-adjusted dwelling values since December 2010"
there is nothing in the raw data that suggests that the statement above has any degree of certainty in it at all
you would have to wait, as i said, until the next minimum and then a few months beyond to draw any conclusion
to say there is a reversal in trend is at this stage is wishful thinking
when the media reports interest rates are falling, of course those with secure well paid jobs will respond, especially if handouts are about to finish, there is pent up demand and its a buyers market
the question is sustainability in the medium to long term
i dont think stock level increases can be absorbed by this market, mostly though in Melbourne
