Latest / The Kākā by Bernard Hickey
Why the housing market is just not firing up
Long stories short, my top six news items in Aotearoa’s political economy around housing, climate and poverty on Monday, March 3 are:
* The first national housing market data for February show new listings falling as unsold stock levels hit their highest levels in nearly 10 years, indicating an extension of the great standoff between buyers and sellers in the engine room of the economy is depressing sales volumes and selling prices.
* One reason for the lack of fresh credit-fuelled demand is rental property investor demand is sliding as they’re wary of prices falling again and many are…
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