New Zealand’s housing market has taken another step backwards.
Property values have now fallen for six months in a row, with the national median value dropping below the previous cycle low.
And while buyers have more choice and bargaining power, there’s still little sign of a sharp rebound - with high mortgage rates, economic uncertainty and plenty of houses on the market keeping a lid on prices.
So, what’s happening in the housing market, and how much longer could this subdued period last?
Today on The Front Page, Cotality NZ chief property economist Kelvin Davidson is with us to break it all down.
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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee

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