More evidence that house prices are really falling comes from the Nationwide building society, in its latest official house price index. While it tries to draw attention more to annual figures in the accompanying commentary, which are still very much up, the quarterly figures for January to March 2008 are dreadful. House prices haven’t fallen [...]
2008
Stock markets have been falling for months, led by a collapse in confidence in the financial system and plunging bank stocks. In the UK we’ve seen Northern Rock crumble, while in the US the investment bank Bear Stearns lived up to its name after jitters led to rumours which led to a run on its [...]
If you invest in the stock markets and recently you’ve had to check your portfolio with a stiff drink, at least you’re not alone. According to the FT: Stock markets finished their worst quarter in more than five years on Monday with further losses as investors continued to favour less risky assets. The losses have [...]
Ireland is falling. The US is plunging. After 15 years of house price growth and five years of house price bubble, is the UK housing market aksi turning downwards? Will Elvis finally be spotted on the moon? Prices are certainly stalling, with a drop of 0.4% in London last month according to the Land Registry. [...]