House prices stalled in June

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Halifax house price index

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Halifax figures

Telegraph

•

Business

Business & Economics

Housing market stalls amid jobs slowdown

Summary

Nutrition label

86% Informative

The value of a typical home was unchanged in June compared to May .

Prices have only risen in two of the past seven months , according to Halifax .

Halifax head of mortgages Amanda Bryden said: “Affordability is still stretched, particularly for those coming to the end of fixed-rate deals’.

More than 1,000 first -time buyers helped by looser affordability checks, Halifax says.

Bank of England guidance in March meant lenders relaxed their stress tests.

Capital Economics said the Halifax data “chimes with the recent weakness’ in figures from rival lender Nationwide .

Trump in April announced a 10pc base tariff rate on most countries and higher “reciprocal” rates ranging up to 50pc .

However, he also threatened an extra 10pc on countries aligning themselves with the Anti-American policies’ of the Brics group of Brazil , Russia , India and China .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful