‘Confidence’ is key to the return of the housing market

CoreLogic Market Commentator Kevin Brogan says the housing market has “seen very much reduced activity, particularly apparent in listings” due to restrictions and financial pressures as a result of the coronavirus outbreak. Mr Brogan told Sky News the number of house listings dropped about 30 per cent from the level they were at this time last year. “Today we are releasing our hedonic price indices which tend to show a slowing in value growth rather than a significant decline at this stage,” he said. “The determining factor is going to be confidence. “Certainly the participants, both the buyers and sellers who have been looking at deferring will obviously be looking at picking up as soon as they safely can, and the confidence of course is going to come from being satisfied with their financial stability.” Image: Getty

from National | Daily Telegraph https://ift.tt/3aUahq2