The last three months ending with the conclusion of October have seen more house price growth. Latest figures from the Halifax indicate house price growth of 2.3% over the previous three months. This is the fastest growth for house prices based on a ninety day period since January of this year. Not only does this illustrate the strength which still resides in the housing market, but also optimism of the market in general moving forward.

House price growth remains at a solid pace. Several factors are leading to continued pressure on house prices and housing experts contend this trend will likely stay the course.

First, shortage of supply of available housing continues. This issue has been in the spotlight for months and is expected to remain that way for many more months. The government is in constant search for an answer with many experts believing the only solution is to build more houses.

Second, interest rates remain at historically low levels even with the recent increase in interest rates. Attractive deals remain on the table from many high profile lenders. This is also expected to continue as lenders are exiting the busy season for obtaining mortgages and remortgages. Lenders remain vigilant in pursuit of finishing the year on a high note and remaining competitive with deals is one way to do it.

Thirdly, a high employment rate increases the number of buyers in the pool of potential homeowners. Possible higher wages is also now taking place with many employers.

Strength of the market depends on the continued growth of housing prices and many experts see this time as one of growth even though uncertainty fills the minds of many residents.