Monday, June 27, 2011
A bit of bear food: Houses now -30% off peak.
A little-noticed milestone: This week, house prices will have fallen over 30 per cent in real terms
"Unless something odd happens, this week is likely to see an interesting but under-announced milestone: falls in house prices, in real terms, from their 2007 peak, exceeding 30 per cent (on the well-known Halifax measure)."
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