Thanks to the readers who drew my attention to this remarkable piece in the Express:

Stuart Law, of Assetz House Price Index which carried out the research, said: “I am yet to see any firm evidence of a housing market crash. Values in this country have remained extremely robust in spite of the difficulties in the mortgage market. With announcements from some mortgage lenders that they are now reducing their rates, movement should return to the market and we should return to a degree of normality, perhaps as soon as September.”

Surely, the Rat and Mouse might be forgiven for finding these views just a little eccentric? But the Express piece manages to find plenty of people prepared to back Law up... including John Wriglesworth ("There is no sign of a property crash and never has been") and Peter Bolton King ("There is no housing crisis, we have no credit crisis"). The article even manages to start a paragraph with "In further good news...". I suggest you click through to it right away; it might be some time before you see its like again.

Technorati Tags: property, real estate