Thursday, May 22, 2008
Economist “probably” “maybe” suggests a crash
OUR round-up of house-price indicators (see table) suggests that any crash is far from universal. Only five countries have suffered annual house-price falls in the latest data and two of those—Japan and Germany—have been in the doldrums for a decade. It is a fairly safe bet that the data will look less reassuring in six months’ time.