-
Up from here? The free fall in housing market demand just concluded, says Capital Economics
But there could at last be some good information for builders and brokers: Scientists at Cash Economics consider housing sector activity is bottoming out. “There are developing indicators that housing industry activity may be near to a trough. The decline in house loan costs around the past pair of months has led to a little enhancement in affordability and a increase in homebuyer sentiment, albeit from a report low. Corroborating this, mortgage loan applications for household buy have ticked greater in the previous couple of months, which ought to feed by means of to increased product sales,” writes Sam Corridor, assets economist at Funds Economics. It is not just Cash…