"Again, end of March will provide some clear guidance of how things will travel. What...can't wait that long ?"
Why March?
March 2010 or 2011 or 2012 or 2013 or which one?
If there are less mortgage applications then would it be right for me to say there are less property sales therefore any house price adjustment (up or down) would be based on lower than normal volumes therefore not perhaps a true reflection of the market?
Especially considering we are talking a 2.5 months timeframe.....I think they call it short term syndrome.
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