Friday, March 28, 2008
Nationwide hints at a HPC
The Nationwide said house prices had now fallen for five months in a row and predicted prices would fall further. Nationwide chief economist Fionnuala Earley admitted that this was a change to its earlier forecast that there would be no overall change in prices by the end of this year. "A clear change in sentiment since the late summer has led to the sharp slowing in house price growth, prices are now 1.5% lower than three months ago," she said.