A bad time for house prices to go negative
Nationwide released its latest house price figures today showing the a 1.1 per cent rise over the past 12 months. However, it also revised its forecast for 2008 down from no change to an overall fall. This will please neither estate agents nor house builders as they put Easter behind them and set themselves ready for the big seasonal sales push. But the blow to their sales teams may come next week with the release of the HBOS (Halifax) price…