UK house prices slide for 15th month

I will post a chart for the Nationwide house price index soon. In the meantime, you might want to meditate on this story from the FT.

UK house prices show no sign that they have hit the bottom as the Nationwide House Price Index recorded its 15th straight monthly fall in January with prices sliding 1.3 per cent,Thursday’s figures bring the year-on-year drop to 16.6 per cent, against a decline of 15.9 per cent in the year to December.

Go on, admit it. You never thought it would get this bad, so quickly.