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DAILY TELEGRAPH Middlesbrough 1 Sunderland 2 (after extra time): match report - Wed, 08 Feb 2012 22:28:52 GMT
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FINANCIAL TIMES Brokers suspended in Libor inquiry - Wed, 08 Feb 2012 18:24:16 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Pace of house price falls slows
House prices fell by 0.9% in June, less than half the rate of the previous month according to Nationwide.
While prices are 6.3% lower than this time last year, they remain 4% higher than 2 years ago. Commenting on the figures Fionnuala Earley, Nationwide's chief economist, said: "The pace of house price falls slowed significantly in June. House prices fell by 0.9% during the month, less than half of the rate of the 2.5% fall recorded in May.
“Prices in June are now 6.3% lower than this time last year and have fallen 7.3% from their peak last October. The price of a typical house is now £172,415. This is over £13,500 less than it would have cost at the top of the market and over £11,500 less than this time last year. However, the strength of house price growth up until last year means that prices are still 4% higher than two years ago and 9% higher than three years ago.”
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