Sunday, September 13, 2009
Apparently the Conclusion of a Major Piece of Research!!
The title is about as bearish as it gets but useful to have anything that stops even for a second the idea that house prices have only one direction to go in and that is up. Article concludes less sellers but also less buyers and lots of unemployed leading to more divorce but seems to forget to say about the lack of money for mortgage lending and the need for hugely overvalued properties to fall back in line with sensible and sustainable lending levels, but I guess that would not get included in a "major piece of research on the economic situation" in the UK !!