Another housing market crash ?

 

Immediate concerns was followed by the news of the 3.6% decline in house prices in September.
While some described the house price data as an “absolute shocker”, others declare you have to put the data into perspective. What seems on one hand to be the beginning of a long-term period of decline, is one the other hand just a significant slowdown on a quarterly basis because the prices had risen strongly in August and July. The data were released 24 hours after the International Monetary Fund gave a warning about the very high house prices in the UK who were therefore vulnerable to a fall … what just seems to happen.(Guardian)


Julie Steeland