Daily Archives: Monday, August 04 , 2008

US / UK housing still massively overvalued

GMO, a successful American investment fund management group with a good track-record for long-term forecasts has been looking at the property markets in the USA and UK. Their conclusions are not going to cheer up house-owners in those countries, the Economist reports:
…By using the ratio of the median house price to the median family income, [...]

Posted in Economics | Comments closed