House price reaction: Affordability rising, but inflation hurting buyers
We’ll have plenty of reaction coming in to those house price numbers this morning.
The important factors to consider are ultimately what it means to those who are buying, selling or needing a new mortgage deal soon.
Of late it has seemed a good time for buyers, at least in many regions, but inflation is impacting on that side – as well as the return-to-office trend some companies are insisting on.
“Homebuying activity may be picking up, but there are wide variations in price growth across the country. Competition among sellers has also been heating up over the summer amid a surge in listings, which may keep a lid on prices going forward,” said Alice Haine, Personal Finance Analyst at Bestinvest.
“Affordability is gradually improving, driven by a steady decline in mortgage rates following four interest rate…
