Latest / The Kākā by Bernard Hickey
Brighter signs from our pre-election housing-market-with-bits-tacked-on
TL;DR: There are fresh signs this morning the housing market-with-bits-tacked-on economy is brightening up going into winter, and just four months to the day before voting starts.
Data this morning from CoreLogic and Realestate.co.nz show a bottoming out of an 18-month slide in house values in a tightening market, with listings at a 16-year low in May. Sellers are happy and able to sit on their hands to wait and see if they can benefit from a 10-20% surge in prices (in my view) after a potential change of Government in the election on October 14. Overseas voting starts on September 27 and…
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