0 minute readBritish house prices rose by a seasonally-adjusted 0.5% in May amid thin trading volume and a tight supply of properties for sale, mortgage lender Nationwide said Thursday. The monthly rise pushed the average house price up to £169,162 pounds (US$249,023) from £167,802 in April.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio