House Price Inflation Eases, But Homes Remain Unaffordable
- * Price Increases are slowing: An increase in the number of homes available for sale is helping to ease the rate at which house prices are rising.
Here’s a summary of the key points from the provided text:
* Price Increases are slowing: An increase in the number of homes available for sale is helping to ease the rate at which house prices are rising.
* Inventory Still Low: While the number of second-hand homes for sale (11,925 nationwide at the start of September) is slightly up year-on-year, it’s still less than half the average between 2015 and 2019.
* Inflation Remains High: Housing inflation has eased compared to the start of the year, but is still higher than general economic inflation.
* Long-Term Supply Shortage: Over the past 20 years (as highlighted in the Daft.ie report), the housing market has been largely defined by a shortage of supply.
* New Homes Helping: New homes are currently sustaining activity in the market, despite low construction levels.
* Solutions: increased construction and a stronger second-hand market are needed to improve the housing situation.