The flip side is that mortgage interest rates are now in decline, which will give the market a little more confidence as the year unfurls.
More Quotes from Howard Morley:
The market is definitely a lot more sluggish than at the end of last year. However how much of that is attributable to the holiday break and how much is to do with rising interest rates is hard to say.Howard Morley
Sales are starting to get back up there after the holiday period and prices show no real sign of weakness.
Howard Morley
The rate of annual growth has been slowing as would be expected, with most of the rise in the market having occurred in 2004 and 2005, but now the price growth curve is flattening out and the market appears to have reached a comfortable plateau.
Howard Morley
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