Credit crunch a 'blip' for housing market - haart

Paul Smith, chief executive of haart, comments: “While the current credit crunch and its effect on major banks and lenders is certainly concerning, homebuyers looking to move will not be put off and we have not yet witnessed a drop in activity in our estate agency branches. “However, we believe that the Bank of England should now consider reversing the latest interest rate rise, which many felt was unnecessary, as a reduction now would surely bring calm and a much needed renewed confidence.” House prices have already begun to level off in many areas and this trend is set to continue mor...