Sunday 24 July 2011

BBC News - House sales have fallen so why are prices still high?

BBC News - House sales have fallen so why are prices still high?

Why are house prices apparently so resistant to the normal laws of supply and demand?

It is one of life's great mysteries.

Houses are still expensive, by anyone's reckoning.

The supply of buyers has been restricted by banks and building societies, who continue to ration their mortgage funds.

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