Pantheon Macroeconomics - The further decline in mortgage approvals in August shows that housing market activity remains very subdued. The recent fall in mortgage rates likely will prop up demand soon, but the poor outlook for households' real incomes suggests that both activity and prices will revive only modestly over the next year.

U.K. Documents | 27 September 2016 Housing Market to Remain Fragile Deep into Next Year
The further decline in mortgage approvals in August shows that housing market activity remains very subdued. The recent fall in mortgage rates likely will prop up demand soon, but the poor outlook for households' real incomes suggests that both activity and prices will revive only modestly over the next year.

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27 September 2016 Housing Market to Remain Fragile Deep into Next Year

By Samuel Tombs

The further decline in mortgage approvals in August shows that housing market activity remains very subdued. The recent fall in mortgage rates likely will prop up demand soon, but the poor outlook for households' real incomes suggests that both activity and prices will revive only modestly over the next year.

Posted: 26th Sep 2016 in 'U.K. Documents'

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