No fear and loathing in the housing market

Wed, 08 Jul 2020

Conditions in the housing market are nowhere near as dire as many predicted when New Zealand went into lockdown in March and now a net 34 percent of real estate agents say house prices are rising, up from 18 percent in June. Economist Tony Alexander's survey of 647 real estate agents also found a net 52 percent see buyers as being more motivated to get a deal over the line than vendors. What the agents are telling him is "consistent with the absence as yet of stories of substantial price falls driven by pressed vendors having to meet a re...

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