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How to predict house prices. Business Studies / Economics University level 2004 Introduction When looking at is it possible to predict house prices? what certainness is there that those who predict will have an accurate account of what will happen. The most explosive action in the last few years was the boom and bust of the late 80's to the early nineties where over half a million homes were repossessed, thousands of jobs were lost and a few million home owners were left with a mortgage worth more than the value of their property. At the end of 1991, more then a quarter of a million properties were at least six months in arrears with their mortgages, also approximately 90,000 households who were more then twelve months in arrears. Therefore many people were not prepared for the bubble to burst in the housing market. But the indicators that had an impact on the housing...

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