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06-15-2008, 09:24 PM
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U.K Housing Prices See Largest Annual Decline In A Decade
The U.K. has seen the largest annual reduction in housing prices in over a decade, with prices falling 3.8% since this time last year, and 2.4% since last month. The Halifax stressed that this should be viewed in juxtaposition with the dramatic increases in the housing market over the past 6 years. Data put out [...]
More: U.K Housing Prices See Largest Annual Decline In A Decade 
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06-18-2008, 04:31 PM
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It'll only get worse
I think it will only get worse. We sell appliances and no one seems to buying kitchens. It seems that when things are very bad the luxury items go, and that is definately the case now.
When people panic it just makes it worse. Watch them slump for the next 3-4 years.
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