Pantheon Macroeconomics

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17th May 2023 15:19U.K., Daily Monitor

  • The stock of unsold homes rose to an 11-month high in April, putting downward pressure on prices.
  • Forced sales will not surge; refinancers have ways to mitigate the hit to their incomes...
  • ...But with mortgage rates unlikely to fall further for now, demand won’t absorb all the homes coming to market.

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Keywords for: 18 May 2023 UK Monitor

May, mortgage, mortgage rates, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence