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Asking Prices for UK Houses Stagnate in June, Rightmove Says

From money.usnews.com

Asking prices for British homes coming to the market were flat this month, adding to signs of a recent cooling off in the housing market upswing, a survey from property market website Rightmove showed on Monday. The company said the average asking price was 375,110 pounds ($475,827) for property put on sale between May 12 and June 8, down 21 pounds from a month earlier and statistically a flat reading. The Rightmove data, which is not seasonally adjusted, typically rises in the June period, although last year's reading for the month was also flat. Other gauges of the housing market have shown slowing momentum, linked ... (full story)

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  • Category: Fundamental Analysis