House prices fall in November - Nationwide

House prices fell by 0.8% in November, partly due to City data that revealed growth expectations had ...

House prices fell by 0.8% in November, partly due to City data that revealed growth expectations had dropped from -2% to -7% in one month. However, chief economist at Nationwide Fionnuala Earley said the underlying fundamentals for the housing market remain supportive. Nationwide reported that November’s 0.8% drop reversed October’s strong performance and brings the annual house price growth down to 6.9%. Earley added the market is responding to weaker drivers and sentiment is changing but also that house price growth can be sensitive to interpretation of data. ”This rapid swing is l...