House prices have fallen annually for the first time in a decade, although buyer demand ticks higher and mortgage rates look set to come down.
The latest articles on house price index
Wages are rising faster than house prices right now. If mortgage rates come down, housing affordability will start to improve.
High mortgage rates continue to weigh on the housing market as house price growth slows to the lowest level since 2012. Our House Price Index looks at the latest housing trends in August 2023 and how faster wage growth will support property sales in the coming years.
More home buyers are negotiating discounts of 5% or more than at any time in the last 5 years.
After a relatively buoyant start to 2023, recent mortgage rate rises are hitting buying power and more sellers are now offering discounts.
Falling mortgage rates over H1 2023 boosted sales and led to firmer prices. This is set to reverse in H2 as higher mortgage rates hit buying power at a time when sellers are having to accept larger discounts to asking prices.
Buyers and sellers are back doing business but the outlook for the housing market hangs in the balance. Our House Price Index looks at the latest housing trends in May 2023 and why recent inflation figures might put a brake on market activity.
House prices stay level and mortgage rates are unlikely to edge higher immediately. What's happening in the housing market for buyers right now?
Housing market activity levels recover as falling mortgage rates and a strong labour market boost buyer confidence.
