UK mortgages continue to surge - 2004-05-31
Increasing demand for property is helping real estate prices extend a recent series of solid rises, Hometrack stated.

Hometrack's numbers undershoot growth estimates from other property market polls, which suggest that house price inflation is running at an estimated 2%.
Last week, mortgage lender Nationwide stated prices increased 1.9% in May, moving the yearly inflation rate to 19.5%.
Read the full story at BBC News, UK

Economic Signs, Commercial Developments for May 31-June 4 - 2004-05-31
The month of May was one of varied economic data, and some economists recommend that the momentum has decelerated, at least for the time being.

Economists are anticipating that home construction will slow in the future months because of increasing mortgage rates.
Read the full story at ABC News