Housing supply remains tight

  The Halifax released their House Price Index for June 2015.   Commenting, Martin Ellis, housing economist, said: "House prices in the three months to June were 3.3% higher than in the preceding three months. This measure of the underlying rate of house price growth picked up following two successive falls. Annual house price growth also increased to 9.6% from 8.6% in May and is at its highest since September 2014. “Supply remains very tight with the stock of homes available for sale currently at record low levels. This shortage has been a key factor maintaining house price growth at a robust pace so far in 2015. Economic growth, higher employment, increasing real earnings growth and very low mortgage rates are all supporting housing demand with signs of a recent modest pick-up in demand.” Key facts • House prices in the latest three months (April-June) were 3.3% higher than in...
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