Firstrung: Firstrung, first time buyers, the week in focus

The Firstrung team witnessed quite a shift in media consciousness during the past week, and perhaps conscience. The honesty from HBOS (with their empty homes report), RICS and the NAEA with their house price reports and predictions, underpinned by a house price report from DCLG proving house price inflation has now effectively stopped, made for a refreshing change.The CAB waded in with a devestating swipe at sub prime mortgage providers which caused quite a stir in the mortgage industry. Their 'J'Accuse' press release suggested that, far from liberating home buyers, the sub prime industry had destroyed potential home ownership in this country as it encouraged speculation which then caused damaging 'financial irony' ...