UK House Prices Decline for the First Time in Three Months

-- UK house prices fell for the first time in three months, suggesting the market may be stagnating due to high mortgage rates and strained affordability.Nationwide Building Society said the average price of a home dropped 0.2% last month after 0.7% gains in each of the two previous months. Economists had expected a small increase on the month.

“Sellers will need to remain patient,” said Jason Harris-Cohen, chief executive officer of Open Property Group. “The higher cost of borrowing continue to prove problematic.” I'm Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

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