The latest figures from Halifax show a slight fall in the number of home sales for the first time in six months. However the number of transactions was still 15% higher than in May 2013. Halifax Mortgage Director Stephen Noakes said: ‘Housing demand continues to be supported by an economic recovery that is gathering pace, with employment levels growing and rising consumer confidence…”
However, analysis of the latest data indicates new signs that the rate of growth is slowing, possibly in part due to summer holidays and the implementation of the Mortgage Market Review in April of this year.
Courtesy of British Association of Removers r&s magazine August 2014 and Halifax