Houses Prices Falling for the First Time in a Year

The video discusses the current state of the real estate market, highlighting an oversupply of properties leading to price drops. It explains the challenges faced by first-time buyers due to high deposits and the strategies employed by estate agents to prevent market stalling, such as encouraging vendors to reduce prices. Despite these challenges, there is a positive outlook with predictions of increased transaction volumes, indicating a potential market recovery.

What does the RCS report predict about transaction volumes this year?

In what way does the speaker view the current market situation?