CML to scrap house price forecast

Meanwhile the Council Of Mortgage Lenders (CML) may scrap its annual house price forecast because of the credit crisis. CML said that it was considering not publishing its forecast for the coming year as a result of the low level of transactions in the market. It said it may move away from the focus on house prices in the future and shift attention to the levels of mortgage lending, repossessions, and the number of homes that are changing hands instead.