✉news BusinessReal Estate first seen 8 h ago, last 6 h ago, peak #35
Economist who predicted 2008 crash says house prices have peaked
Original: Economist who predicted 2008 crash says house prices have peaked – but don’t hold out for a drop
An economist known for forecasting the 2008 financial crash says house prices have now peaked, but warns that hopeful buyers should not expect a sharp fall. His view is that prices are likely to stagnate or ease slowly rather than collapse, as tight supply continues to underpin the market, leaving affordability stretched without a dramatic correction.
Why now: Housing affordability and the prospect of a market correction are major concerns for buyers and policymakers.
2008 financial crisisglobal housing market
Rank over time, top of the chart is #1. 2 snapshots from 8 h ago to 6 h ago.
Evidence
- Economist who predicted 2008 crash says house prices have peaked – but don’t hold out for a drop · Irish Independent
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