More home sellers, fewer home letters – a housing market in flux
How should we read yesterday’s Rightmove figures showing the slowest ever March pick up in asking prices? They appear to be consistent with much of what else we are seeing in the market – a growing body of evidence that the recent bounce back in the housing market is faltering (see previous blog). The key factor slowing the rise in asking prices (see graph) Rightmove isolated was a rise in properties coming onto the market – up 34% on the…