Many good articles about the housing market in the past few days. Further evidence of falling prices from the Halifax (Click here for details). It said the annual fall in prices was the biggest it had seen since 1993. If prices continue falling at the rate seen since the start of the year then they will fall by 16% over the course of 2008.'Negative equity hits 250,000 - and there is worse to come' was the chilling headline from The Observer. (Click for the article) Larry Elliott is not surprised that prices are falling - A crash was inevitable and - despite the wailing and the gnashing of teeth - ultimately desirable as well). Also, he questions some of the myths of the housing market and suggests that interest rates are only one factor that influence housebuyers. (Click here for article)
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Hi! I've been reading your blog, and you discuss some of the same issues we do in our new book. We've also set up our own blog to discuss the current economic climate - see what you think. www.thegodsthatfailed.co.uk.
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