13.09.2012 - Mortgage market buoyed by rising employment: Halifax
Improving employment figures across the UK helped support the housing market in the second quarter of 2012, Halifax has claimed. The lenderís latest house price index showed mortgage approvals increased 7 per cent in July although prices fell 0.9 per cent year-on-year to £160,256 in August. Martin Ellis, housing economist for the lender, said prices fell 0.3 per cent between July and August and were continuing to tread water, but said there could be a gradual increase due to lower inflation...............................................Full Article: Source
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