Housing correction anyone?

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From Sunday’s New York Times:

The American housing boom in recent years is nothing compared with the price run-up in countries like France, Spain, Britain, Ireland, Sweden and Australia, even though markets in Australia and Britain have cooled in the last year.

Cooled? This from today’s Guardian:

House prices [in Britain] fell in April and annual price inflation dropped almost 50% from March, according to official figures published today.

The Office of the Deputy Prime Minister (ODPM) said the average price of a UK property was £181,832 in April, down 0.8% on March’s figure of £183,346.

Annual house price inflation across the UK fell from 12.6% in March to 6.9% in April, while in London the year-on-year price increase fell from 9.8% to just 2.7%. [emph. added]

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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