With interest rate rises on hold and signs of a slowing global economy, there have been a lot of noises that house prices globally are falling. We look at how U.S. house prices are looking compared to a year ago.
The media has recently been writing about an apparent house price crash for UK house prices but it isn’t that bad. We wrote in May that UK house sales and house price growth are slowing, the on the ground situation hasn’t changed since and the newly available statistics support that.
Several people in the UK didn’t experience the great (property price) crash of 2008. But several other people did. A decade on – do people remember? Here is a sample of prices from London’s financial district – Canary Wharf. And no, we haven’t taken the worst-case example, this is truly representative,