House prices bounce back after three-month decline

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 · House prices bounce back – but for how long?. In the four months prior to an election transactions traditionally fall 3pc to 8pc below the level seen at the time of an election, analysis from.

 · THE first update on house prices since the federal election reveals the housing market is making a speedy recovery.. The improving rate of decline across the capital cities was driven by Sydney and Melbourne, where values were down 0.5 per cent and 0.3 per cent, respectively, over the month to date.. There was a bounce in sales across.

October’s pending home sales rebounded slightly after a three-month decline, according to the latest report from the National Association of Realtors. The Pending Home sales index rose 3.5 percent from 105.6 in September to 109.3 in October. This is 0.6 percent below October 2016’s level but is the highest rate since June 2017.

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 · After RBA announced the interest rate cut, it is widely believed that the interest rate decrease decision will be a direct remedy and a correction for falling house prices. Therefore, a reduction in the cash rate could possibly be related to the remarkable reverse in the falling house price.

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Due to a marked slowdown at the prime end of the market, London house prices will witness the greatest decline of 3.3%. Even after May, when the elements of political and taxation uncertainty are less of a factor, Cebr does not expect a strong post-election bounce-back. New forecasts released by Cebr show that average UK house prices will drop.

In commodities, the intraday rebound from gold yesterday is slipping back again, whilst the big mover today is a bounce on.

NEW YORK (Reuters) – Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at. in consumer confidence suggests the.

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 · Property auction prices bounce back. By Andrew. Nationwide recently reported the first fall in hosue prices in 10 months while earlier this week Halifax said values had fallen 1.5% in.

House prices rebounded in March after suffering their first fall in eight months in February, figures showed. The average cost of a home rose by 1.1% during March to stand at 168,521, according.