Is housing market FOMO finally evaporating?

First-home buyers are the most affected by RBNZ's latest tightening of loan-to-valuation ratio restrictions. (Image: Deposit Photos)

Staff reporters

Wed, 01 Dec 2021

Real estate agents are reporting fear of missing out (FOMO) has finally been dented and that prospective buyers have experienced substantial difficulties in obtaining finance.Economist Tony Alexander's latest survey of 331 agents also found that not only are investors less willing to buy, but first-home buyers have strongly stepped back from making a purchase for now."The good news is that requests for appraisals have risen, more vendors appear to be stepping forward with more realistic assessments of market prices, and price growth is...

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