Ryan Gosling as Jared Vennett in ‘The Big Short’ demonstrates how quickly a housing market can fall
(Picture: Paramount Pictures )Interesting musings reached my screen this morning from Neil Shearing, chief scribe at Capital Economics. He has written an intriguing analysis of the state of things in the housing markets of a selection of countries including the UK.
He describes how a property downturn progresses through four stages: first a downturn in housing market sentiment; second a slump in measures of buyer traffic such as estate agent enquiries, in the third stage, measures of housing market activity, such as mortgage approvals start to drop, and finally,..house prices fall.
