House prices dipped 0.7% in October, according to Nationwide’s house price index. The average price of a UK home is now £164,381. The three-month-on-three-month rate of change, a “smoother” indicator of house prices, dropped to -1.5% in October from -1% in September. “This is the largest decline over three months since April 2009, but is still well below the 5-6% …