Friday, July 11, 2008

UK House Price Crash In Progress!

UK House Price Crash In Progress!

The Halifax house price data for June revealed a 2% fall in house prices for the month or a loss of value of £3,500 from May, house prices are now down 6.1% on an seasonally adjusted basis, which is a far cry from March 2008 when the bank's chief economist was painting a bullish picture for house prices. However the housing market is in CRASH mode for the quarter April to June 08.

Posted by nadeem walayat @ 11:25 AM (499 views)
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