Thank you BBC News for featuring my comments on the ‘mini housing boom’.
On Friday, Halifax reported that house prices have rebounded by 1.6% between June and July.
Anecdotal reports suggest a housing market frenzy.
The data is more measured, and this is important as data plus media reporting both reflects and affects current confidence in the economy, as well as recent and temporary policies.
So what’s really happening?
The temporary nature of the Stamp Duty Land Tax change has unsurprisingly encouraged many home buyers.
This is combined with 6 months of pent up supply and demand, and lockdown-led lifestyle preference changes.
Experts forecast that the mini boom could be shortlived.
Read the full article here https://www.bbc.com/news/business-53693149