Wednesday, November 11, 2015
House price crash not looking likely
"Britain's jobs-rich recovery gathered momentum in the quarter to September as unemployment fell to a seven year low and the number of people in work hit a fresh high. The unemployment rate fell to 5.3pc in the three months to September. This is down from 5.6pc in the quarter to June and represents the lowest rate since April 2008. Economists had expected unemployment to remain unchanged from 5.4pc in August." Long time readers may recall some analysis of a correlation between unemployment rates and house price changes. It's hard to see how we can have a crash with such strong employment numbers even if they do include more low pay jobs for renters.