Is the roof falling in on the housing market? - Independent Online Edition > Mortgages

Is the roof falling in on the housing market? - Independent Online Edition > Mortgages: "Steepest decline in prices since 1995 Value of average home down 2,000 pounds last month Number of new mortgages down 31% in a year Monthly home lending down 5bn pounds. Has the bubble burst? The signs are ominous. For some months the property market has been cooling, the bubble showing distinct signs of strain."