Wishful thinking15 Nov 2007 12:08
The housing market is due for a corrective tumble. House sales are falling, house prices are falling and borrowing is more expensive. Estate agents and banks keep talking up this sector because it is to their advantage but i forsee this slump being longer term than next summer as many predict. Maybe im a pessamist but ive held to many shares for to long hoping they will recover. Ask yourself if you can afford to lose another 15%?