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House prices flat in January
HOUSE PRICES stayed completely flat in January, according to data released this morning.
After inching down a tenth of a percentage point in each of the last two months, house prices stayed flat in the first month of 2013, Hometrack said.
But demand and supply in the market both seemed to be falling – with Hometrack identifying a 9.9 per cent dive in new buyer registrations and a 6.8 per cent slide in the volume of property listings, all in just one month.
This was the biggest fall in supply for 48 months – since January 2009, on a rolling six-month basis, marking an unusually sharp fall even for a typically rough period.