Rising mortgage rates aren't weighing on housing market: survey

Wed, 06 Oct 2021

Real estate agents think the housing market is gaining extra strength despite rising mortgage rates, tightening lending restrictions and adverse tax changes for landlords.Economist Tony Alexander's latest survey of 357 agents said 67% report house prices are rising, the strongest this indicator has been since February. This was before the government's announcement on March 23 that landlords will lose the ability to deduct mortgage interest costs from their taxable income over four years beginning this month.Auckland's continued lock...

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