House prices grew only slightly in the month of June, according to the latest figures from Halifax. Those on the fence regarding selling and buying are not budging as of late, and many close to the housing market are expecting much of the same until the end of the year. Brexit, along with other factors have created an uncertainty within the market which has led to a lack of positive sentiment towards the market in general.

New property sale instructions inched higher in the month of May, but this was after 26 straight months of decline. Home sales as well as home buying is now running at levels lower than expected a year ago. Housing experts did forecast lower activity due to the amount of uncertainty which has plagued the market since the Brexit vote and other factors like new stamp duty.

Remortgage is running at levels which are at the other end of the spectrum. January posted the highest number of remortgages in almost a decade at 50,000. February posted a similarly high number which continued a strong span of remortgage approvals. Since November of last year when interest rates were hiked, remortgage has been on an elevated pace.

Housing experts are expecting the housing market to remain on a subdued track through the remainder of the year. Houses available for purchase as well as those being purchased are expected to be lower than normal. Current home owners are forecasted to keep remortgage approvals at an elevated level as interest rates could be hiked at any time, according to housing specialists.