Run for the hills - the next housing crash is on the way
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have just read that around two-thirds of brokers are not expecting business to grow in the next three months.
With more property coming onto the market buyers have a wider choice, so theoretically enquiries should pick up soon.
But as soon as house price indices start reporting falls in consecutive months fewer consumers will be interested in buying and delay their moves as oversupply rears its ugly head.
Many estate agents are already reporting fewer buyers on their books, along with rising stock levels. In my area many houses are falling in price and remaining unsold. It’s time to shut up shop - the next crash is coming.
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