Spring brings growing stablity to housing market

But although this was the ninth consecutive fall in house prices it was also the smallest decrease recorded for sixth months and follows a three-month trend of reducing price drops. All signs now point to the end of house price deflation, says Hometrack, with prices expected to level out for the remainder of the year. Average House prices now stand at £162,300 down from a peak of £167,000 in June 2004. Activity has again increased this month, with sales agreed rising by 16.5%. Hometrack says this is partly due to a further increase in the number of buyers registered with estate agents...