Nationwide reports house price bounce

Chris Giles, economics editor, on the persistent uncertainty in the UK housing market
UK house prices recorded their third rise in four months, according to a closely watched index, suggesting that the troubled housing market has stabilised despite very low turnover
House prices showed further signs of stabilising in May, with half the regions in England and Wales seeing overall rises in prices, according to data from the Land Registry
The housebuilder said prices had stabilised in the last three months, as it announced a shake-up in senior management that will see property veteran Tony Pidgely step up to chairman
One in 10 borrowers with an excellent credit record are trapped in negative equity, owing more on their mortgage than the value of their homes, says a report that forecasts a peak-to-trough fall in house prices of up to 35 per cent
Few locals were surprised that the town had emerged as Britain’s negative equity black spot
Growing numbers of home owners are being forced to sell their properties at a loss. This interactive map and table allow you to explore the worst affected areas
Are you at risk of negative equity? Find out with our exclusive mortgage calculator

Chris Giles, economics editor, on the persistent uncertainty in the UK housing market

View from Europe: Chris Giles looks at the causes of the housing downturn and the effects on consumers
The overhang of property in the hands of highly-leveraged owners and the number of people waiting for prices to stabilise will choke any recovery
The question of whether a bottom to the UK housing downturn is in sight can be asked with a straight face for the first time in well over a year. But promising figures are still being treated cautiously
The start of the house price recovery seen in the higher-value equity-driven markets in London will feed down into other areas as the economy starts to grow. I
Houses are still too expensive. The average house price is now around £150,000 and the average salary around £25,000. That makes the price to income ratio a whopping six times
The weight of money in futures markets and spread betting sites suggests talk of an upturn is premature
Property indicators appear positive – prompting talks of a recovery – but rising unemployment and the straitjacket of mortgage availability seem destined to put pressure on prices, writes Daniel Thomas