Market Moves: Rising Interest, Renewed Confidence, and Rate Cuts Shaking Things Up 🏠
As we move into autumn, the housing market is showing dynamic shifts that could impact your property decisions.
Market Moves: Rising Interest, Renewed Confidence, and Rate Cuts Shaking Things Up 🏠
As we move into autumn, the housing market is showing dynamic shifts that could impact your property decisions. Here’s the latest:
First Bank of England Rate Cut in 4 Years- The long-awaited rate cut has sparked an upturn in buyer activity, injecting fresh energy into the market.
Potential Buyers Contacting Estate Agents Up by 11%*- More people are reaching out to explore their options, signaling growing confidence among prospective buyers.
New Sellers Coming to Market Increases by 5%- Sellers are taking advantage of the buzz, with a 5% increase in listings compared to this time last year.
Average Fixed-Rate Mortgage Now at 4.8%- Mortgage rates are stabilizing, offering buyers a clearer picture as they plan their next steps.
Curious about what these changes mean for you? 👀