Early in 2006 we reiterated the overbought state of the UK housing market and how it was ripe for a decline. But the decline failed to materialise, as an early slowdown failed to go negative, with the market starting to trend higher again later in the year. Despite two rate rises, the housing growth has […]

Act I. Scene - a fifth grade math class in a small farm town in MO.
‘Good morning class.’
‘Good morning, Mr. Scambuster.’
‘What state we are in and what are we known for, Freckles?’
‘Why, Missouri, sir. When shrills trained at Serve-the-Crooks League that you told us about try to tell us that this is so and that […]

No one denies that housing in the US has been cyclical with huge swings in the new construction as well as resale activity (both showing a high correlation with each other). Establishment no longer denies that there was a housing bubble during the past four years and that it has begun to burst. However, the […]