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Housing Market Shows Early Signs of Recovery | Auckland News
Housing market shows early signs of recovery as activity picks up, prices still falling, but first-time buyers gaining leverage. Mortgage rates are trending downward, with two- and three-year fixed terms gaining traction. Broader economy is also improving—businesses spend more, hiring rises, fueled by strong farm incomes, tourism rebound, and returning students. Growth hit 1.5% last year, unemployment at 5.3%, inflation at 3.4% (adjusted for global swings)—just below the 25-year average. Still, don’t expect a boom: more rate hikes likely this year, and growth above 4% in the next few years…
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