Law #1: All bubbles need a catalyst, like a stone to throw into a still pond. Bubbles start in “good times”, typically GDP is going up and people have money to spend and invest, so money starts chasing assets and if it takes time for the supply of those assets to increase, prices go up. For example, the fundamental price of housing long-term is exactly equal to nominal GDP per house divided by a function of long-term interest...

Property vultures are circling to pick the bones clean of deals as the US property clock has wound prices back to the same levels as they were in 2003, according to financial researchers Standard and Poor’s. House prices fell 18% in April in S&P’s 10 and 20 city indices. Commercial property has crashed alongside home prices registering a 20% decline, with market expectations of another good way to go – perhaps another...

President Obama tells that Credit Crunch is almost over… And 2010 will be the year when major problems will do away. Mortgage will be accessible, prices for houses will rise, unemployment will decline. What are your views?

DETROIT (AP) — General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world’s largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. But GM, whose 40 days under court supervision was far shorter than anyone predicted,...

New York has been called the world’s capital and is hotter than ever, especially now Obama is in power and America is cool again. We Brits couldn’t get enough of it when interest rates were favourable, but with a slumping pound and a fall in our own housing market we now get a lot less for our pennies. But all is not lost and if you look carefully there are a few surprising bargains out there. The Property Market New York is the...