On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 36°
Wind: SE 13 mph Past 24 hrs - Precip: 0.24”
Current Radar for Zip

Today

Rain 43°

Tonight

Rain 40°

Tomorrow

PM Showers 59°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

UK house prices rise at fastest annual rate since 2010: Halifax

An estate agent's sign is posted outside a terraced house in north London August 2, 2013. REUTERS/Suzanne Plunkett
An estate agent's sign is posted outside a terraced house in north London August 2, 2013. REUTERS/Suzanne Plunkett

LONDON (Reuters) - British house prices rose 5.4 percent in the three months to August from a year earlier, the biggest annual rise since June 2010, mortgage lender Halifax said on Friday.

But there were some signs that the pace of increase was slowing with house prices up 0.4 percent in August alone. This was less than economists had forecast and slower than July's 0.9 percent rise, which was aided by an improving economy and government schemes to aid house purchases.

"Relatively modest economic growth and below inflation rises in earnings are likely to act as a brake on the market. Overall, house prices are expected to rise gradually over the remainder of the year," said Halifax housing economist Martin Ellis.

(Reporting by David Milliken; Editing by John Stonestreet)

Comments