Thursday, Sep 13, 2007

RICS index is a good leading indicator

BBC: Housing market still slowing down

"Surveys from organisations such as the big mortgage lenders, the Department of Communities and Local Government, and the English and Welsh Land Registry, have all reported house prices continuing to go up at a brisk rate." ...partially wrong: the LR index was just 0.1% up in August!! "however, Rics has traditionally had its finger on the pulse of the market when it has changed direction - as during the property slump of the early 1990s, when many other commentators refused to acknowledge that prices were falling" aha aha aha.

Posted by confused76 @ 10:09 AM (237 views) Add Comment

1 Comment

1. paul said...

House prices are slowing down. They won't - dare not - say "falling".

Thursday, September 13, 2007 12:07PM Report Comment
 

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