11 Aug '11, 9pm

Home Business Property Are private home prices in for a correction?

Somehow, deep down, we - especially those of us who have been keeping a close watch on the private housing market - know that an external crisis or crises, like the ones ravaging global stock markets now, were going to happen way ahead of the "perfect storm" some had forecast for 2013/2014 for the property sector here. I am talking about the repercussions arising from the strong possibility of the United States economy slipping back into recession and from the euro zone's inability to contain its sovereign debt problems. At the moment, it is all conjecture. The market is taking in all the negative news and ignoring the positive. The slight drop in US unemployment figures had little impact while the US Federal Reserve's unprecedented pledge to keep interest rates low until at least mid-2013 provided only temporary relief. The problem is that if the carnage in the stock mark...

Full article: http://www.todayonline.com/Business/Property/EDC110812-00...

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