Economics
U.K. Housing Market Loses Momentum With Unemployment on the Rise
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The U.K. housing market boom showed signs of losing momentum last month as interest from new buyers waned.
The Royal Institution of Chartered Surveyors said a gauge of new buyer inquiries slowed markedly even though an index of prices over the past three months stayed near its highest reading since 1999 in November. A majority of real-estate agents see weaker sales in the year ahead.