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Housing Prices Plummet as Market Shifts | Leicester News
Home prices took a sharp dive in August, plummeting by over seven thousand pounds—the biggest drop since 2018—and Rightmove now predicts prices will either stagnate or dip next year, not rise. With homes for sale hitting a 12-year high, sellers are adjusting expectations and even lowering offers on future properties to offset lower sales prices. While buyer interest has ticked up slightly, mortgage rate shifts and economic uncertainty keep the market shaky—especially with October’s budget looming. Meanwhile, landlords are seizing the moment, offering lower prices that are being accepted…
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