Twindig Housing Market Index (HMI)

The Twindig Housing Market Index fell by 0.8% to 68.1 last week. A mixed picture this week, investor confidence in lenders slipped by around 5% as the Bank of England reported that credit conditions are tightening and that lenders themselves expect the growth if mortgage supply to slow. Visitor traffic to property portals is increasing, but against a backdrop of Lockdown II and rising levels of redundancies perhaps this reflects wishful thinking or a coffee break escapism rather than concrete intentions to move home when we are being encouraged by the UK Government to stay home.