Monday, March 15, 2010
Asking prices for residential homes stalled in March in a further sign that the recent recovery in house prices may be running out of steam. Non-seasonally adjusted asking prices rose just 0.1% between February and March, a period of the year in which prices normally bounce thanks to the Spring effect, according to new figures from property website Rightmove. The annual rate of house price growth, meanwhile, slowed to 5.3% from 6.1%, the first fall in the yearly rate for more than a year. The data was based on sale prices recorded on the Rightmove website between 7 February and 6 March.