Independent Economist Tony Alexander gives us a breakdown of what is happening in financial markets and the housing market.
I recently wrote about the end-game being underway for the three decade period of high average house price rises. I still remain of that view, but for now the market retains considerable strength.
There are a growing number of factors in play which suggest that while demand for housing will remain firm, we've entered the end game for the period of strong house price rises well exceeding the rate of growth in household incomes.
Economy expert Tony Alexander discusses the latest results from his surveys of mortgage advisers and real estate agents, plus how a change in LVR restrictions will affect New Zealand's housing market.
Each month I run a survey with the REINZ of real estate agents all around New Zealand, asking them what they are seeing. My latest survey, which yielded a good 369 responses, shows that FOMO, fear of missing out, remains as strong as ever.
Banks were actually already lobbying the Reserve Bank to reinstate LVRs because of their concern about the speed with which house prices were rising and the frenzied level of market activity.
There’s been a lot happening here at the Squirrel garage and lots of movement in the financial world, so here’s an update on quite a few things.
Growing house construction is a substantial boom for the economy through extra business for materials manufacturers and distributors, architects, inspectors and so on.
The new year is almost upon us and with it comes the usual new year’s resolutions which may or may not end up becoming reality.
The Reserve Bank of New Zealand has announced this morning that they’re loosening their lending rules. This is good news especially for first home buyers.
Auckland sales volumes are down 30% year-on-year and Barfoot & Thompson is saying that house prices have fallen back to the same level as a year ago.