scoop.co.nz 11 Mar, 2021 21:30 am

Housing Confidence At A 25-year High But Buyer Sentiment Turns Negative As Affordability Bites

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March 12, 2021 Employment, Housing Press Release – ASB Bank Surveyed house price expectations have hit a fresh high this quarter.The rate of house price growth is expected to level out somewhat in the … · Surveyed house price expectations have hit a fresh high this quarter.· The rate of house price growth is expected to level out somewhat in the coming year.Mr Jones says despite house price confidence, a solid employment market and low mortgage rates, affordability was taking a toll.

Only three out of 92 major global housing markets currently have house price to income ratios north of 10.Mr Jones says the house price outlook for 2022 is really about how quickly the residential construction boom currently underway can help restore some balance to the market.

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