Wed. August 1, 2012 @ 10:27 am
House prices pointing downwards (weakest July since 2009)
Although not the lowest levels of the last two years (recent winters have been weaker), today’s Nationwide house prices are the weakest for the month of July since 2009.
Based on my basic forecasting model and despite a positive bump up in May, the Nationwide house price index is currently pointing towards price falls of -2.3% for the year end and there’s every possibility that the market weakens beyond this.
