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Why didn’t Lincoln House Prices Crash in 2023
Manage episode 440413410 series 3601177
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In 2023, contrary to several grim forecasts, Lincoln's housing market defied the anticipated 8% to 15% fall. Key factors cushioning the market included robust labour conditions, strategic lender policies, and stringent mortgage affordability testing.
As we look towards 2024, cautious optimism prevails amidst regulatory constraints and shifting mortgage rates, suggesting a stable trend in house prices. This period presents an opportune moment for Lincoln homeowners and buyers to make informed, strategic decisions in an evolving market landscape.
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