The UK should also be getting hit by the falling real estate market, but apparently their media reports they are not.Home values have gone down for three consecutive months in Britain, despite the ¼ point decrease in interest rates. However, values are still 12% above what they were 12 months ago.

     The media there is trying to expel the likelihood of a crash of the market in the UK, similar to what we are experiencing here. They stand ground on a housing supply shortage and strong demand for first time homebuyers will allow the market to remain steady. The claim is also that rental prices have increased which will allow landlords the proper income to cover their mortgage payments. This helps in steering away from defaults in the investment market.They must be much smarter than us.

– Dale Siegel