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Old 09-24-2008, 11:44 PM
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Post CML abandons house price forecasts

The Council of Mortgage Lenders (CML) has described attempts to predict the direction of UK house prices in the short term as “futile”.The body has admitted that its May forecast of a 7% fall this year is wide of the mark and says it does not expect the market to recover from its current slump [...]

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