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Andrew Dickens: Could the housing crisis be over?
As with all things lately we’re looking for any little clue that the old normal is coming back. But I don’t think it is.
ASB lowered its house price inflation forecast for this year.
Its Chief Economist Nick Tuffley reckons the pick up in sales has been sluggish and there is a lot of stock on the market.
They believe prices will fall through the first half of this year, therefore, the bank has more than halved its house price growth forecast for 2025 to just 3.4% from 9%.
That’s more in line with inflation than for a long time.
In other words, buying a house at the moment is no longer the…
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