Mortgage approvals in the UK decreased unexpectedly in May, data from Bank of England revealed Tuesday. But growth in net mortgage lending and consumer credit exceeded expectations in May. The number of loans approved for house purchase stood at 49,815 in May, down from April’s revised 49,828.
Most Popular Articles
With rapid change in the industry, real estate agents can choose to fight for the status quo or they can evolve and adapt, HousingWire Columnist Dustin Brohm writes.
Last December, home prices climbed by 4% from the previous year, according to CoreLogic. By the end of this year, the company projects they’ll increase by 5.2%.