Nat Keall: ASB Economist on the growing confidence in the housing market
Early Edition with Ryan Bridge · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The number of people who expect house prices to continue to fall is dropping.
The ASB Housing Confidence Survey shows 8% believe that, down from 34% last quarter.
More people think now's a good time to buy but there's still a split.
Aucklanders are the most confident house prices will increase.
ASB economist Nathaniel Keall says it suggests the market's at a turning point.
He says people still think prices will fall further and interest rates will rise, but the number is far less than even a few months ago.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.