Home prices are heading for a sharp slowdown as inflation approaches

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good morning.

That wouldn’t be surprising, but the latest housing starts from Halifax showed another month of momentum in December, with prices rising 1.1% to hit a new record high of £276.091.

It concludes a fantastic year for the market, which has defied the dismal mood in the broader economy for ever greater growth.

December’s annual growth of 9.8 per cent was the fastest pace since July 2003, while the cash gain of £24,500 in 2021 as a whole was the largest since March 2003.

Last year, the median home price hit a new record high eight times.

But things are almost certain to change in 2002, with rising interest rates and inflation set to halt unfettered market growth.

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5) Crispin Odey’s Hedge Fund Best Year Since 2007 Odey Asset Management ended the year with gains of around 54%

What happened overnight

Asian shares snapped two-day losses on Friday, rising as investors waited to see if US jobs data due later in the day will reinforce the need for a faster US interest rate hike.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, buoyed by a 1.2 percent gain in the Australian index as banking shares led, although Japan’s Nikkei gave up its early gains to fall 0.66 percent.

Nasdaq futures rose 0.5% in previous Asian trade before giving up some gains to trade 0.25% higher, and electronic S&P 500 futures rose 0.17%.

Coming Today Companies: No scheduled updates Economies: Halifax House Price Index (UK), Construction PMI (UK), Inflation, Retail Sales (Eurozone), Industrial Production (France, Germany), Non-Farm Payrolls (United State).

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