Yes, house prices are falling: but they probably won't fall quickly - The Guardian

Yes, house prices are falling: but they probably won’t fall quickly – The Guardian

The real estate economy is not looking good right now. KNowing this doesn’t make any homeowners or realtors feel any good, but at least it’s on a slow incline. The drop I see expected to take anywhere between six months to a year to make to much of a dramatic decreases but for future homeowner spending this won’t be be big deal or future finding things on an affordable range. Will the prices pick back up or steady out soon putting everyone on to a happy scale of not so worried so they can focus on other things?

Key Takeaways:

UK Real estate watchers have been bemoaning inflated home prices, longing for a slump and detailing their woes on the forum, housepricecrash.co.uk.
Now, house prices have finally shown some incremental dips, specifically a.03 decline in value in March, followed by .04 dip in April, and .02 dip in May.
The steady ensuing dips in home values have been published on theguardian.com.

“Not since the height of the financial crisis in 2009 have prices fallen for three months in a row.”