Rightmove have issued their latest data which confirms Clarkes previous market forecast issued earlier this month.
Some of the headlines from the Rightmove data are:
New seller asking prices are now £5,800 below October’s peak
Typical first-time buyer type properties (two-bedrooms and fewer) lead the recovery
However, larger home sales are lagging behind as sales agreed in the last two weeks in this sector are 10% behind the same period in 2019, and 13% behind in the second-stepper sector.
Average mortgage rates continue to improve. For a 15% deposit five-year fixed deal average rates are now 4.65%, edging down from last month’s 4.75%, and October’s 5.89%,
