Salient to Investors:
Halifax said UK house prices fell for a fourth month in October, down 2.8 percent from a year ago. Nationwide Building Society said home prices rebounded in October to erase September losses. Hometrack said prices declined in October and a market recovery is unlikely without sustained economic growth.
Martin Ellis at Halifax said the weak economy has been a key factor but recent encouraging developments may underpin house prices around current levels over the coming months.