Oct
20
A Nation of Real Estate Agents
UPDATE: Following up on a comment below, I used another data source, ONS JOBS02 for the labor market statistics. I report the findings below.
I read a series of articles related to the goings of the UK housing market, the likely effects of the new Help To Buy scheme, the 10% increase in mean London house price over the last year, and employment statistics. I failed to reproduce some numbers cited in the economist (below). This post talks about this.
It all starts with this blog post on the economist:
http://www.economist.com/blogs/buttonwood/2013/09/house-prices
It talks about many things, amongst which employment and housing completions, and how the UK seems likely to be embarking on another round of debt-fueled growth.
I read a series of articles related to the goings of the UK housing market, the likely effects of the new Help To Buy scheme, the 10% increase in mean London house price over the last year, and employment statistics. I failed to reproduce some numbers cited in the economist (below). This post talks about this.
It all starts with this blog post on the economist:
http://www.economist.com/blogs/buttonwood/2013/09/house-prices
It talks about many things, amongst which employment and housing completions, and how the UK seems likely to be embarking on another round of debt-fueled growth.
