News

It's not the banks with the housing stockpile

Tuesday 2nd of November 2010
I first heard the story that banks were stock-piling mortgagee properties earlier this year and sent one of my team out to investigate it.

It sounded pretty interesting as the premise was that banks were holding properties back from the market, therefore giving house prices some artificial floor.

I see the story appeared again in the Sunday Star Times. http://www.stuff.co...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.