House prices in slim rise in August

first_img House prices in slim rise in August Wednesday 8 September 2010 3:41 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan whatsapp Share John Dunne Show Comments ▼center_img House prices rose 0.2 per cent in August mortgage lender Halifax has said.Prices rose 4.6 per cent up in the three months to August compared with a year ago and took the average price of a home to £167,953 – nine per cent above its low in April 2009 but still 16 per cent down from a peak in August 2007.Analysts had forecast a decline of 0.5 percent on the month, for a three-month annual rate of 4.4 per cent. Halifax economist Martin Ellis said gains in the last two months had reversed the price falls reported between April and June, leaving prices at a similar level to where they were at the end of 2009 and that activity has also been static so far this year.“These developments suggest that the market is broadly stable with house price inflation having cooled since last year when supply shortages helped to push up prices,” Ellis said.“We expect that UK house prices will remain static overall in 2010.” Rival mortgage lender Nationwide reported last week that house prices fell 0.9 per cent last month – the sharpest fall since February due to a rise in the number of properties available.Howard Archer of Global Insight said: “The very modest 0.2 per cent rise reported by the Halifax in August does not fundamentally alter our view that house prices will ease back over the final months of 2010 and very likely soften modestly further in 2011.“Specifically, we suspect house prices will fall back by some ten per cent in total.” whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more