Housing bubble

A short post to direct interested readers to David Blanchflower’s ever sensible analysis of house prices.

Locally, we have some interesting trends.

Some properties are selling in Edinburgh after only a week or a fortnight on the market. This is going back to the trends we saw before the financial crisis. Edinburgh thought it was over, but it looks like for some sections of the housing market here we are seeing it again.

In other areas of the market, houses are not selling for the asking prices, and owners are taking them down off the market and admitting they can’t sell at their desired price. We’re seeing a further rise in accidental landlords.

What next? I need a crystal ball for my birthday.

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