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House prices have held steady for a second month as demand continues to outstrip the supply of properties on the market.

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The leading share index rose 0.6 percent by midday on Monday, boosted by oil majors and insurers, although gains were fairly slim and offset by weakness in drugmakers, while mortgage data weighed on sentiment.

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Sustained high demand and a relative lack of houses on the market kept property prices steady for the second month running in June, new research shows.

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House prices have held steady for a second month as demand continues to outstrip the supply of properties on the market. The average cost of a home in England and Wales remained unchanged during the month at £155,600, according to housing intelligence group Hometrack.

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Mortgage approvals for house purchase rose to a 13-month high in May, according to new figures released today.

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LONDON, June 29 (Reuters) - The annual fall in house prices in England and Wales slowed for a third successive month in June after rising demand outpaced the supply of homes for sale, property data company Hometrack said in its monthly survey on Monday. House prices are now 8.7 percent lower than a year ago, compared to 9.6 percent lower in May. Hometrack’s non-seasonally adjusted monthly …

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The annual fall in house prices in England and Wales slowed for a third successive month in June after rising demand outpaced the supply of homes for sale, property data company Hometrack said in its monthly survey on Monday.

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The average cost of a home in England and Wales remained unchanged during the month at £155,600, according to housing data group Hometrack.

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The city of Meridian, once the fastest growing community in Idaho, is feeling the economic pinch from a stagnant housing market, slowing population growth, less money for schools and the loss of businesses. Read the latest news from West Ada cities

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Matt Saunders lives and works in Memphis, but his house sits empty more than 200 miles away.

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