News
Housing market steady in September quarter
Friday 10th of November 2006
The Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI) was minus 5.9 for the September quarter, slightly higher than the minus 6.86 (revised) recorded during the June quarter. The PCI provides a number between minus 10 and plus 10 depending on the state of the market.“Most areas throughout New Zealand recorded a rise in their PCI in the September quarter,” says...
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