Housing Prices Plummet as Supply Surges | Leeds News

Home prices took a sharp dive last month, falling over seven thousand pounds on average — the biggest August drop in six years. Rightmove now predicts prices will stay flat or dip slightly by 2026, down from earlier forecasts of modest growth, as record-high inventory gives buyers more power. Sellers are adjusting by pricing lower or negotiating down on future homes to offset current offers. While buyer interest is rising slightly, uncertainty lingers due to shifting mortgage rates, global events, and upcoming budgets — especially in London, where affordability remains a hurdle. In rentals, landlords are seizing opportunities: cash buyers are making lower offers, which are increasingly accepted, while rents are surging at their fastest pace in 19 months. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b0344d87c9bcf19b