News

Little optimism in wake of REINZ report

Tuesday 18th of January 2011

Commenting in the wake of the December Real Estate Institute (REINZ) report - which found both sales and prices had fallen - Kevans said, "Slow sales have kept inventory levels elevated, meaning that the backlog of unsold property sitting on the market will depress house prices further in coming quarters."

 "Indeed, no dramatic revival is anticipated this year. The fundamentals for...

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