Wednesday, July 2, 2008

Falling house prices raise spectre of a crash

Falling house prices raise spectre of a crash

Fears that the already severe slump in the housing market will mutate into a full-blown crash intensified yesterday as a key survey showed house prices plunging at their fastest annual rate since the end of the last recession.

Posted by housebear @ 10:40 AM (567 views)
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2 thoughts on “Falling house prices raise spectre of a crash

  • “…a key survey showed house prices plunging at their fastest annual rate since the end of the last recession.”

    Jeez, and our recession hasn’t properly started yet. This IS going to be bad. 400K house = 200K in 2 years time (plus rampant inflation in the cost of living). Ouch!

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  • “Falling house prices raise spectre of a crash”?

    Falling house prices IS a crash!

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