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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/628170ed-9fcb-4103-948f-b3f3007276d7/transcript