Expect plunging house prices? You may be disappointed

Mon, 11 May 2020

Those hanging out for plunging house prices may be in for disappointment, according to former Bank of New Zealand chief economist Tony Alexander. Certainly, Trade Me said it isn't yet seeing any covid-19 impact on asking prices for properties advertised on its website. Both Trade Me and Alexander note that first-home buyers are particularly active in looking at houses available for sale. Alexander surveyed real estate agents and received 236 responses with a net 17 percent saying they believe prices are declining. However, eight respon...

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