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The news from the housing industry is that their sector is starting to make a recovery. Housing markets have just hit an eighteen month high, and ten homes are being sold on average a month, double what it was at its lowest point in August. News from the council of mortgage lenders is that some of the banks are increasing the amount of buyers they give their mortgages to by 36%. The numbers of people getting a mortgage still arent as high as they once were, with people still viewing the industry with a cautious eye. The numbers are showing that prices have done a complete 180 and are now on the rise. The prices of homes have risen for the 4th month in a row, going up two percent each month. Prices are still lower than what they were before the recession, so it might be better to try buying that house now before prices go back up.

Is this really that good news? Its a double edged sword for buyers, your more likely to get a mortgage, but the price of your home wont be as cheap as it wouldve been at the start of the year. For people interested in selling their home it could be worth waiting another couple of months to see if the prices continue to rise. Either way its the estate agents that win, not only will more people be getting mortgages, they will be getting it at increased prices again and will have more houses to sell. First time buyers were complaining that house prices were to high beforee we hit the recession, now we have the sellers moaning about the fall of the house prices, cant please everyone can you?

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