Daily Archive: June 3, 2017

Jun
03

Yes, house prices are falling: but they probably won’t fall quickly

The news that the property market is going down has cheered many: but cheap credit and huge pent-up demand is likely to cushion the decline

There is a small but vibrant web forum, housepricecrash.co.uk, whose members’ outrage at inflated property prices is matched only by their dismay that the longed-for slump has never materialised. After Nationwide reported last week that house prices had fallen for the third month in a row, its faithful believe the day of reckoning is finally coming.

The average home fell in value by 0.2% in May, said Nationwide, following on from declines of 0.4% in April and 0.3% in March. Not since the height of the financial crisis in 2009 have prices fallen for three months in a row.

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Jun
03

‘Last Secret’ of 1967 War: Israel’s Doomsday Plan for Nuclear Display

Israel was ready to detonate an atomic device on a Sinai mountain as a warning if it looked as if it were losing, newly released interviews reveal.

Jun
03

Covfefe, the Paris Climate Accord and Other Must Read Trump News of the Past Week.

Worried that you missed an important political story this week? You’re not alone. Catch up on a very hectic week of news.