Housing Market Continues Its Downward Spiral.

In a desperate attempt to deflect potential housebuyers from the truth, Estate Agents are still trying to blame the banks for falling house prices. "It's because first time buyers can't get mortgages," a spokesperson for the Association of Estate Agents in Denial whinned today. "If only they'd loosen up a bit and allow the subprime market to open again everything will be all right." A leading economist asked for his views told "The News in Shorts."; "The reason is because greedy Estate Agents, helped it must be said by greedy banks, deliberately pushed up house prices to increase their fees. As the bubble grew bigger they had no choice but to encouarge people who couldn't actually afford to buy over-priced houses to take on ever more ridiculous mortgages. Its not the lack of mortgages that is responsible for a fall in the market - its the insane prices these greedy sods are trying to get. They don't seem to understand that a market in which no one can afford to buy anything isn't a market at all."