The Market Is Balanced On A Knife Edge

That’s the sentiment coming from Julian Knight in today’s Independent. According to Mr. Knight, the latest figures from Nationwide just show a freeze in the market outside central and west London (remember these areas experienced a slight rise whilst prices in Yorkshire fell?). He points out that mortgages are slim on the ground, deposits need to be saved and unemployment is still rising – from this point the housing market could go up, down, or bobble along for months.

All the media hype…well, hype is just the right word.