Was reading The UK Sun and the following article caught my attention: House price fall fastest for 18yrs
- HOUSE prices are falling at the fastest rate for 18 years, it was revealed yesterday.
They tumbled another 1.9 per cent this month.
And that took the annual rate of decline to 10.5 per cent — not seen since the 1990 property crash.
The drop was revealed as a CBI survey showed high streets are suffering their worst sales slowdown for a quarter of a century.
House prices have now fallen for ten months in a row.
And Nationwide’s chief economist Fionnuala Earley warned a recovery was unlikely in the near future.
She said builders had reported much lower interest in new houses.
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2 comments:
Dear Moola,
You are the best !! keep it up. Stockmarket is not about picking the right stocks BUT avoiding the bad one. In bull market, everything goes up and in bear market everything goes down. The main differentiation is between good stocks and bad stocks is that good stocks are there in EVERY bull market but bad stocks generally do not last more than several bear market before become a desperate loser and disappear! .
Appreciate your insight. By the way, you are the first one whom I give this thumb-up, not even Dali.
Dear David,
Thanks for your extremely kind words. I am simply flattered.
rgds
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