Nat Keall: ASB Economist on the growing confidence in the housing market

Early Edition with Ryan Bridge · Oct 15, 2023 · 4m

The number of people who expect house prices to continue to fall is dropping.

The ASB Housing Confidence Survey shows 8% believe that, down from 34% last quarter.

More people think now's a good time to buy but there's still a split.

Aucklanders are the most confident house prices will increase.

ASB economist Nathaniel Keall says it suggests the market's at a turning point.

He says people still think prices will fall further and interest rates will rise, but the number is far less than even a few months ago.

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