First signs of New Zealand housing market slowing – new report – RNZ
New data has found a reduction in demand in nationwide housing valuations which could be the first signs of the housing market slowing.
File photo. Photo: RNZ / Nate McKinnon
CoreLogic House Price Index tracks property value change and its latest report has found a reduction in demand of valuations, down 11 percent compared to the previous 6 months.
“There are signs that there are fewer buyers talking to banks about issuing them mortgages to buy another property,” CoreLogic Head of research Nick…