Tuesday, April 8, 2008

It's all over paper/tv/radio

House prices 'see sharp decline'

Is it the start of a new phase of accelerating downward trend? Hard to say, put the trend is definitly tend, a lot of people bet their home that it would not. That's only the beginning - see the mortgage market.

Talking about mortgage market, it's more of a return to normal than a crunch for the moment. Who could think that a 125% mortgage is a sensible idea?

1 comment:

Vonric said...

I agree with you about the return to normal about credit... indeed I was always amazed with >100% mortgages, as I thought (naive) that the norm was 95%.

I was thinking about you reading the article on the BBC website yesterday...