0 minute readUK mortgage approvals fell in April to the lowest in almost a year as tighter credit conditions curbed demand from first-time buyers, preliminary data from the Bank of England showed. The number of loans granted declined to 47,000 from 51,000 in March, according to a sample from the central bank’s panel of six major lenders released in London today. That’s the lowest since May 2009.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio