1.1 million in mortgage arrears - 5 Fact Friday 26 April

Rightmove index misleads again.

House Price Index

20% more homes for sale than a year ago. Zoopla

https://www.thisismoney.co.uk/money/mortgageshome/article-13337013/amp/Homes-sale-five-year-high-says-Zoopla-house-prices-fall.html

1.1m in mortgage arrears

https://www.mpamag.com/uk/mortgage-industry/market-trends/492000-borrowers-at-risk-of-missing-payments/486603

Mortgage rates rise back above 6%

Homeowner pain as mortgages soar above 6pc again

https://archive.ph/2024.04.25-164328/https://www.telegraph.co.uk/money/property/mortgages/mortgage-rates-soar-above-6pc-homeowners-pain/

US Economy growth falters despite rising wages

For those who do not understand what just happened:

First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.

This reading is roughly 50% BELOW Goldman Sach's expectations.

But it gets even worse.

At the same time, the US Core PCE Price… pic.twitter.com/5Rct3i9TGh
— The Kobeissi Letter (@KobeissiLetter) April 25, 2024

Section 21 Eviction Notice Abolition Delayed

https://theindependentlandlord.com/section-21-abolition/