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Bearish Hometrack Say Hpi Up Just 0.1%

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LONDON (Reuters) - House prices rose for a second consecutive month in January, according to property consultant Hometrack's latest survey published on Monday.
It said that prices rose by 0.1 percent during January, bringing the average cost of a home to 161,100 pounds,
although they were still down 1.04 percent on a year earlier
In December, Hometrack reported house prices rose for the first time in 18 months.
"The pick up in activity levels and prices over the final quarter has created optimism that values will continue to rise slowly over the year ahead," said Richard Donnell, Hometrack director of research.
"We expect some regions to underperform over 2006
as the realignment of prices continues against a background of rising sales periods and softening asking prices."

This may be the fabled double top all Bears long and pray for as they portend a sharp downturn to follow.

Edited by Realistbear

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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