Thursday, June 3, 2010
House prices now 10% below peak according to Nationwide
House prices now less than 10% below their 2007 peak
House prices increased by 0.5% month-on-month in May, according to a report released today by the Nationwide.
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Giordano Bruno says:
Considering that the present bubble took about 11 years just from trough to peak, a best fit line over the last 30 years does not qualify for ‘long term trend’, as the title of the first graph implies, imo.