Pantheon Macroeconomics

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10th Nov 2022 16:26U.K., Daily Monitor

  • Timely data show house prices now are falling in the face of surging mortgage rates and falling real incomes.
  • Supply is becoming scarcer, but it is not keeping up with cratering demand, we still expect prices to fall by 8%.
  • Watch out for a jump in wage growth in September; many public sector workers received a 5% pay rise.

growth house prices mortgage mortgage rates public sector wage growth

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Keywords for: 11 Nov 2022 UK Monitor

growth, house prices, mortgage, mortgage rates, public sector, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence