Prices down but no double dip

Oct. 1, 2010
Talk of a double dip in the housing market is “overdone,” Hometrack has stated in its monthly national housing survey for September. <br> <br> Despite weak housing demand with the supply of homes for sale growing 16% over the past six months and demand falling 1.6% as the economic outlook remains uncertain, Hometrack’s director of research Richard Donnell said: “We expect a slowdown in the volume of homes coming to market to limit the scale of absolute price falls over the next 12 months.” <br> <br> Hometrack’s data showed that house prices across England and Wales had fallen 0.4%.<br> <br>

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