Saturday, March 29, 2008
Now talking about a bust
At last, a tipping point is looming for Britain's national obsession: the housing market. The long boom in residential property prices has clearly been over for months, with volatile moves up and down in prices pointing to the market's shaky foundations. But with hindsight, it may well be that the past month or so will come to be seen as the decisive turning point when the long housing boom mutated into a nasty bust.