Thursday, Apr 05, 2007
Signs of cooling painfully slow
Firstrung: House prices increase by 1% in March - Halifax house price report
Commenting, Tim Crawford, group economist, said: "House prices rose by 1.0% in March, the second smallest monthly increase in prices since last August. Prices continue to rise in a tight market but there are emerging signs that pressure on householders' finances, partly due to the rise in interest rates since last summer, are dampening housing demand with evidence of reduced market activity.
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