Low inventory and mortgage rates helped house price growth accelerate over the turn of the year. But the sharp drop in housing demand caused by the coronavirus means prices are set for a modest fall over the next year or so. A lack of forced sellers will keep inventory levels close to record lows and rules out a crash in values such as that seen during the financial crisis. But, on its own, low listings will not be enough to prevent a drop in prices of around 4% by the start of next year.
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