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Housing Affordability Rebounds But Sales Hit Hard | Auckland News
Housing affordability is rebounding—back to pre-pandemic levels—with prices cooling, mortgage rates easing, and incomes rising, making home ownership less of a financial stretch. Monthly mortgage costs now sit at 40% of income, down from a pandemic peak of 54%. But not all news is good: 13% of homes sold for less than buyers paid, the highest since 2012, especially in Auckland and Wellington for apartments. The market’s shifting toward balance—but it’s still uneven for sellers and buyers alike. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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