Tuesday, December 11, 2007
Pundits are capitulating… we are heading for a crash!
'There is undeniably a very real - and growing danger - that the housing market could see a sharp correction next year. Probably the biggest risk is that the economy slows sharply over the coming months and unemployment starts rising significantly. 'This would be liable to lead to a marked increase in the number of people having to sell for distressed reasons, particularly given the extent to which many households have had to stretch themselves to the limit to buy a house.'