Housing Market Slows in May | Bermuda News

Housing market slows as mortgage approvals plunge to their lowest since December, dropping from 66,034 in April to 56,205 in May — signaling rising caution amid inflation, cost-of-living pressures, and higher borrowing costs. Consumer lending also underperformed, while actual home purchase lending hit its lowest in a year, hinting at a broader shift in buyer behavior. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b92d222215fd9d19