An Uneasy Calm in the UK Housing Market

Mortgage approvals have perked up. But will it last?

A few more of these shifted hands last month. (I mean, maybe not these ones specifically, but you take my point).

Photographer: Hollie Adams/Bloomberg

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

If you missed the new Merryn Talks Money podcast, have a listen to it now — Merryn and I answer your questions with the kind help of Bloomberg writers Marcus Ashworth (who’s very cross with the Bank of England), Joe Easton (passive or active?) and Eddie Spence (Bitcoin or gold — or something else?). Catch up here.