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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Sergio H who wrote (9385)8/17/2001 11:07:57 AM
From: Bucky Katt  Read Replies (2) of 13094
 
Must read, a BBC story about the coming decline of housing values in the UK>>
The UK housing market, buoyed by a "bubble"
of speculative investment, is poised for a
shake-up, leading economists have warned.

First-time buyers face a higher risk of falling
into negative equity, where the value of their
home falls below that of their mortgage,
researchers at think-tank Cambridge
Econometrics said.

The sustained rise in
house prices,
particularly in London
and the south east of
England, makes a
market slowdown
"increasingly likely",
Thursday's report said.

"The current bout of house price increases is
likely to be reversed in the long-term," it said.
More>>

news.bbc.co.uk
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