"I will not allow house prices to get out of control and put at risk the sustainability of the future." Gordon Brown, 1997 "At present the problem of the house price bubble is being largely ignored. But sooner or later the issue will have to be faced. House price booms and busts are a risk to economic stability." Vince Cable, February 2004 "It will all end in tears. I have thought this for some time, but I think we really are probably somewhere near the end of it." Tony Dye, April 2004 "Don't be fooled: unless you're committing to being a tenant forever, you need to get yourself on the property ladder...things will not get easier." Phil Spencer, Channel 4, November 2004 | "That people are in danger of facing widespread negative equity and home repossession is colourful and lurid fiction." Angela Eagle, Exchequer secretary to the Treasury, April 2008 "Thanks to The City's remarkable achievements, we have the huge privilege to live in an era that history will record as the beginning of a new Golden Age." Gordon Brown, June 2007 "There seems to have developed a culture of panic among some industry observers that a catastrophe is just around the corner. Nothing could be further from the truth." Bill Cullens, November 2007 "It is time to end the age of irresponsibility." Gordon Brown, September 2008 |
| Home sales down in Jacksonville, up across state 18 November 2008 There are signs of life in the Florida housing market, but they’re not in the Jacksonville area. House takes Paulson to task on bailout CNN, 18 November 2008 Lawmakers challenged Treasury Secretary Henry Paulson on his handling of the $700 billion bank bailout program and stressed the importance of doing more to help homeowners. October home sales in Houston down 20 percent 18 November 2008 The local housing market continued to feel the effects of the troubled national economy in October. Hamilton County home values go up 18 November 2008 Despite the foreclosure crisis and housing market meltdown, many Hamilton County residents will see an increase in their property values this year. More global news stories... |
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 3% | -1.5% | 06 Nov '08 | 04 Dec '08 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 0.5% | -1% | 29 Oct '08 | 16 Dec '08 | Graph (see below) | Official Release | |
 | European Central Bank | 3.25% | -0.5% | 06 Nov '08 | 04 Dec '08 | Graph (see below) | Official Release | |
 | Reserve Bank of Australia | 5.25% | -0.75% | 04 Nov '08 | 02 Dec '08 | Graph (see below) | Official Release | |
 | Bank of Canada | 2.25% | -0.25% | 21 Oct '08 | 09 Dec '08 | Graph (see below) | Official Release |
Bank of England Historical Base Rates
Click the graph link next to a bank in the list above to change this graph.With the US housing market experiencing a slow down and the US subprime mortgage market in crisis, there is increasing concern over the vulnerability of the economies of other countries where there has been a boom in house prices over the past decade.
This site exists to provide information and discussion related to the housing market.
- Links to articles from the UK, American and Australian press are updated daily here
- A discussion board for you to share you experiences of house buying and selling, and to ask the advice of others
- Statistics, including historic interest rates of major economies, housing market indicators, and predictions
- Some links to selected property market and economic websites
- Quotes from housing market pundits through the years
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