House Prices Fall Again

Halifax BS have revealed that house prices fell by 1.4 per cent during April.

Weak demand from buyers fueled the fastest annual rate drop for 18 months.  The average cost of a home fell by 1.4 per cent, the lowest level since April 2009.

Values of homes are now four per cent above the low they hit April 2009.  They are some 20 per cent below the peak they reached in August 2007.