Signs of a bubble bursting

I remember back in January a colleague of mine telling this story to a small audience.

“Sunday I was in bad with a bit of flu, and here he calls, the agent from XXX, asking me if I wanted to see some property to buy (he showed interest in buying a property weeks before). I tell him I am in bad with flu in my pijama, and he says I not to worry: he would come, drive me to the properties, and drive me back by lunch time”

One reaction from the audience was “Wow, this is a great sale person”.

A second reaction was “Amazing customer service”.

I just said “Oh gosh, the housing market is really falling off a cliff for the agents to even want to drive you around”.

Last year, you were lucky if they picked up the phone. You might get an appointment -to their office- if you wanted to buy a 1mn£ house. In January, they were willing to drive you around for a smaller house. They knew it was coming.