What’s Next For House Prices?

This may not be the news people want to hear but house prices are suffering another little wobble. This means that some lenders may raise mortgage rates therefore potential buyers will feel the pressure.  The reports here that AR Mortgages are reading show us house prices are falling once more and most analysts predict a tough year ahead.

Don’t be disheartened too much. This can change almost as quickly as the wind and this will also present opportunities.

Rightmove has announced that the average price of new properties coming to the market failed to rise from April to May – the first time this has happened in a traditionally strong property market month since the survey began 11 years ago.  This could be in correlation to downsizers releasing home equity are driving the market.

It could be argued that it’s hardly surprising considering how well many have done from the property boom.  Most of the boost came in two distinct explosions – the 1980s and late 1990s to 2007 –