Kim Mundy: ASB Senior Economist on the latest Housing Confidence Survey
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Most people are picking a further fall in house prices.
In the latest ASB Housing Confidence Survey, 43-percent of respondents expect house prices to fall in the coming year.
People living outside Auckland and Canterbury are particularly pessimistic.
ASB Senior Economist Kim Mundy says this is a shift, as Aucklanders and Cantabrians were previously more pessimistic.
The survey also found three quarters of respondents expect higher interest rates over the coming year.
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