UK House Prices will keep falling

Story link: UK House Prices will keep falling

I don’t mind people predicting outcomes, but it’s like Shiller is making a statement, that he is right. Nobody can be certain about which way the housing market will go, but its not exactly hard to give a one way prediction, as there are enough facts to weigh off both routes.

UK House Prices will keep falling

Robert Shiller, the Yale economist who forecast both the bursting of the dotcom bubble and America’s property crash, is warning Britain’s homeowners to expect things to get every bit as bad on this side of the Atlantic.
In London to promote his new book, The Subprime Solution, Shiller told The Observer that consumers should be wary of the comforting excuses many analysts find for explaining why Britain’s housing market will be hit less hard than America’s, where prices have already fallen by more than a quarter, and repossessions are rife.