Home economics: where next for property prices?

Home economics: where next for property prices?
The housing market stands delicately poised: The market it flat, and mortgage approvals remain weak
David Smith

The housing market stands delicately poised. With the Halifax’s announcement last week that prices were flat in January, both the main lenders’ measures are telling a similar story (Nationwide was down a minuscule 0.1%).

David Smith, Sunday Times - 10th February 2008

Prices were weak last autumn, with November the weakest month of all, reflecting a combination of the credit crisis and the distortions caused by the introduction of home information packs. Since then, there has been a flattening out, although activity measures such as mortgage approvals remain weak - full article