Downturn need not mean panic

The housing market is once again to the fore in our national debate on economic prospects.

7th April, 2007

The housing market is once again to the fore in our national debate on economic prospects.

The last few months have seen much speculation about the possibility of falls in prices, speculation on the extent to which house prices may be overvalued and the wider implications of these scenarios for economic growth.

This debate prompts two initial thoughts. First, it often seems tome that economists are listened to when they should be ignored and ignored...

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