Here are the links to the 5 facts from today’s Five Fact Friday videos.
1. Halifax House Price Index turns negative: https://www.halifax.co.uk/assets/pdf/may-2023-house-price-index.pdf
2. RICS: “Storm clouds gathering” https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/May%202023%20UK%20Residential%20Market%20Survey.pdf
3. Nationwide, Halifax and HSBC raise rates/pull products https://www.forbes.com/uk/advisor/mortgages/2023/06/08/mortgage-updates/
4. Mail Online reports 22% asking price gap using Rightmove v BestAgent data. https://www.thisismoney.co.uk/money/mortgageshome/article-12168341/amp/Asking-prices-22-higher-homes-sold-estate-agents-overvalue.html
5. Moody’s (and Capital Economics) downgrades UK housing market. https://www.reuters.com/markets/europe/uk-house-prices-set-slide-10-moodys-warns-2023-06-08/
Moving Home with Charlie is a home moving advice channel for buyers, sellers, both and renters. I’m here for everyone.
But recently it’s true that most of my content focuses on the looming house price slides (as yet unreported) because my focus now is prevention of people falling into negative equity.
When that danger has passed I’ll have more time for renters! Have a great weekend.