Episode Details

Housing Market Confidence Wanes: Interest Rates, Prices, and Inflation Shifts

The housing markets confidence is waning, with interest rates, prices, and inflation shifting. Earlier, many believed house prices would jump, but that number has significantly dropped. Global factors, like overseas events and gas prices, are influencing economists views on inflation and interest rates. Fewer people think its a good time to buy, and most expect interest rates to climb. Despite the softer sentiment, the market is expected to stay stable, with prices hanging out where they are. Some areas, like Auckland, are feeling the pinch, but others, like Canterbury, remain solid. Despite higher rates and cost of living, theres still a decent amount of housing available, giving buyers options and breathing room.

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