Twindig Housing Market Index (HMI)
The Twindig Housing Market Index fell by 3.6% last week to 70.7 perhaps a case of back to school blues and the reality that life at the moment is trying to get back to normal but at the same time is different.
Overall the UK housing market news and data released last week was positive (house prices increasing, mortgage rates falling) so the fall in the Twindig HMI was unexpected, however, it does highlight the difference between data and sentiment rationality and emotions.
September is the start of the autumn selling season – the back to school mentality usually stirs us into action as many decide to move to a new home before Christmas. Therefore, housing market sentiment will be an important factor in determining how many of us take the plunge.