Mortgage News

Housing market healthy not feverish: NBNZ

Monday 11th of November 2002

"House prices have been growing at a steady clip – around 6% on last year," the bank says. The number of days it takes to sell a house has dropped from 71 a year ago to 55 last month and the higher turnover has brought about a perception that the housing market has been performing extremely well, it says.

"However, we’d prefer to describe activity in the...

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