News about Edward Watson
The prospect of a higher mortgage rate is causing housing market 'caution,' according to the report
www.dailymail.co.uk,
March 14, 2024
According to the Royal Institute of Chartered Surveyors, the suspicion that the recent lowering in mortgage rates is'likely to stall' has caused continuing 'caution' in the housing market. The sector's near-term outlook is being hindered by jitters over mortgage rates and 'uncertainty' regarding the rate and timing of interest rate cuts, according to the bank. However, new listings and buyer calls are on the rise, according to the Rics, who reported that a'more positive trend' is emerging. The lower property price dropped also seemed to have been'stabilized,' the company said.