Housing prices have continued to stagnate according to Hometrack’s May survey, defying predictions of a post-election bounce-back. The survey recorded a further fall of -0.1 percent for the third consecutive month - in total, it is the eleventh month running that house prices have fallen. However, over the last three months house price falls have been decreasing at a slower rate of just -0.1 per cent per month, which suggests that the market is stabilising. “House prices are falling like drizz A lower interest rate gives you less interest to deduct on your income tax, which may increase your tax payments and decrease your total savings from refinancing.
