5FF Short Cut: Housing market in 'Limp Mode', listings backing up into a jam

Sources for every fact: https://mhwc.co.uk/blog/5-fact-friday-16th-october-2026/ Mortgage rates are still climbing, with five-year fixes averaging 6% and two-year fixes almost 6%, and the gap between the asking price of listings and the asking price of homes that sell is 17.8%. Viewings per property have halved in two years. Connells found sellers with upfront search packs had 43% fewer fall-throughs and exchanged 37% faster. The gap between new listings and agreed sales hit a 12-month high,...