Chinks appearing in housing market

Monday 30th July 2007

The latest ASB housing confidence survey is showing the first chinks in a still buoyant property market.

The survey, for the three month period to July, shows that there has been a significant turnaround in price expectations and, whether or not it is a good time to buy.

ASB chief economist Nick Tuffley says expectations that house prices will rise retreated over this three month period, after rising steadily over the preceding year.

Full story and graphs at Landlords.co.nz

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