Tuesday, September 18, 2007

So now there’s a 1 in to chance of a housing crash, amazing how sentiment changes in a matter of months

RICS says "1-in-10" chance of 1990s housing crash

There is a "one-in-10 chance" of a 1990s-style housing market crash, the Royal Institution of Chartered Surveyors (RICS) said on Tuesday, after scaling back its expectations for house price inflation. He also said there was a "20 percent chance of a 10 percent" decline in London house prices over the next 12 months, and said talk of a looming "crash" was legitimate and not irresponsible.

Posted by jj @ 10:59 AM (579 views)
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5 thoughts on “So now there’s a 1 in to chance of a housing crash, amazing how sentiment changes in a matter of months

  • Regarding a crash there is apparently “No obvious trigger in the offing” so a credit cruch doesnt qualify for an obvious trigger!! I despair I really do…

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  • dohousescrashinthewoods says:

    I sense people are warming up their language..

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  • With all this talk, buyers are going to dry up completely, at which time EAs will effect a ‘correction’ in the market in an attempt to earn a few commissions.

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  • err… shouldn’t that be a 1:1 chance of HPC?

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  • Well, well, well. A 20% chance. I wonder on what basis that statistic was calculated on. If I am not mistaken this was the same professional association that has in the not to distant
    past was saying how a crash would not happen.

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