UK Home Prices Barely Rose in September

UK homes now cost £274,251 on average, just 0.8% more than last September, Nationwide reports, half August's 1.6% pace and 0.2% lower than August after adjusting for normal seasonal swings. Economist Robert Gardner blames worries about higher Bank of England borrowing costs and Middle East fighting raising energy bills. Costly loans, not housing supply, explain the cool-down.