Wednesday, Nov 26, 2008
Update on real house prices
NoMonkeyBusiness.org.uk: Update on real house prices
The No Monkey Business blog updates its own version of real house prices relative to a sustainable trend, based on the full Nationwide data from 1957. The ratio has dropped from the peak of 132 to 112 but the trend itself, at 2.8%, is probably overstated after an unusually long period of extreme overvaluation. The ultimate low is expected to be worse than the 20-40% real price decline No Monkey Business was predicting before the banking crisis, in which case most if the drop is still to come.
Posted by stuart fowler @ 12:01 PM (140 views) Add Comment
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