Mixed signals for the housing market

Mixed signals for the housing marketDespite mortgage approvals reaching a 15 month high new data points to a sluggish housing market with estate agents concerned about house prices falling over the coming months. A new survey by the Royal Institute of Chartered Surveyors (Rics) found that estate agents sold on average just 14 properties each in the three months to August. This is the lowest total for two years and according to Rics was mainly due to lack of mortgage lending and a sluggish economy. The report ...