Forecasters call the bottom of the house price slump
The increasing stretch of stable house prices is leading forecasters to call the bottom of the slump. The Nationwide late last month tentatively said it may be time to think the unthinkable that house prices may exit 2009 higher than they entered it. Last week much was made of the RICS saying it expected house prices to be higher at the end of 2009 than at the beginning. Wisely, there were heavy caveats and warnings over the fragility of the…