New housing data shows the market hasn't quite matched the mood of the economy as of yet.

The Real Estate Institute of New Zealand says housing sales are down 5.4 percent from January last year.

Prices were also softer, with REINZ's House Price Index dropping 0.6 percent compared to December. 

Property Investors Federation expert Matt Ball says it looks like the housing market will stay flat for the next little while, but it's about the bigger picture.

LISTEN ABOVE

New housing data shows the market hasn't quite matched the mood of the economy as of yet.
The Real Estate Institute of New Zealand says housing sales are down 5.4 percent from January last year.
Prices were also softer, with REINZ's House Price Index dropping 0.6 percent compared to December.&nbsp;
Property Investors Federation expert Matt Ball says it looks like the housing market will stay flat for the next little while, but it's about the bigger picture.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Matt Ball: Property Investors Federation expert on house prices dropping in January

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d6d48f03-c5cc-4892-8891-b3f3007277ba/transcript