Is there going to be a housing crash?

Probably not, but the Times reports today that house prices have fallen all over England, and sharply in London according to Rightmove.

The scary thing is that whilst some of these properties have fallen by as much as 6.8% in London in the last month, similar properties rose by 41% last year. I don't know what bothers me more, the fact that a house price correction will slow the economy or that the government is such a bunch of pratts that they would not see this problem coming.