A quick update on my previous post, “How bad will the credit crunch get?“: the May figures for the Case-Shiller house price index featured in that graph are out, and they are down again. The index now stands at 186.06, compared to 226.29 at its peak in June 2006 and with 200.76 in December 2007. US house prices are now at the lowest level since September 2004.
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Recent Comments
Paul Holmes
When I was an MP I remember being shown a block of Council flats in London. We stood on a first floor walkway and my guide pointed to one door that after RtBuy ...- Paul Holmes
AlexB - Housing Associations already have the power to borrow money against their assets, which are of course not subject to the wholesale Right to Buy (at huge... 
David McHardy
There is no way out of the housing crisis without mass private building. Private building has stalled because it is unprofitable, as this article explains. This...
George Thomas
"Of course, devolution cannot simply mean moving responsibilities without resources. Local leaders need meaningful fiscal powers, long-term funding settlements ...- George Thomas
Greater devolution without greater funding is a poisoned chalice and that is what's being offered in Wales. That and sly digs at the Senedd. Then it leads t...
