Home Price Falls: You Ain’t Seen Nothing Yet…

Another weekend, and another weak auction clearance report which we will cover today. But as I highlighted in a recent post, we can learn much from New Zealand Property which continues to see ongoing falls. After peaking in November 2021, New Zealand housing prices have fallen for nearly five years, with the bulk of the decline recorded over the first 18 months and values tracking mostly sideways since. 0:00 Housing market outlook0:34 The New Zealand example1:16 Canada’s housing correction2:43 Debt and market sustainability4:50 Australian auction trends6:46 Market indicators and outlook9:00 Impact of credit and rates10:20 Banking and economic factors11:15 Auction data […]