UK Housing Prices & Economy Plunge
Across the Pond... As banks starve the economy of loans and commodity prices soar, bringing the UK closer to a recession...
The price of an average UK home declined 6.3% from a year earlier to $343,278, the biggest drop since November 1992.
House prices fell 0.9% in June, the eighth consecutive monthly drop.
Meanwhile, an index of manufacturing fell to 45.8, the least since 2001 and...
Consumer prices jumped 3.3% in May from a year earlier, the most in more than a decade.
George Buckley, an economist at Deutsche Bank: "I can't see this (housing) price decline coming to an end any time soon."
The price of an average UK home declined 6.3% from a year earlier to $343,278, the biggest drop since November 1992.
House prices fell 0.9% in June, the eighth consecutive monthly drop.
Meanwhile, an index of manufacturing fell to 45.8, the least since 2001 and...
Consumer prices jumped 3.3% in May from a year earlier, the most in more than a decade.
George Buckley, an economist at Deutsche Bank: "I can't see this (housing) price decline coming to an end any time soon."
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