Article: TERROR IN AMERICA: Housing - Buyers stay at home but estate agents optimistic

THE HOUSING market is feeling the first fallout from last week's US terrorist outrage, according to a survey of estate agents yesterday. A poll of leading agents by The Independent revealed a large number of buyers had withdrawn offers while the number of inquiries had fallen. But not all estate agents told the same story. Some reported no sign of a marked slowdown in the UK's booming housing market and said yesterday's cut in mortgage rates could boost demand.

Chris Brown, the chairman of the National Association of Estate Agents for Nottingham and Derby, said: "People got the heeby jeebies so the amount of footfall and telephone inquiries were down last week."

Peter Wetherell, the NAEA's ...

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