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NZ: Green shoots emerging in property market

Posted on 17 December 2010

From Stuff.co.nz : New Zealand’s property market may still have languished in decline in November, but green shoots are starting to emerge with improvements in price, volume and days to sell, according to an industry analysis.
The housing market was rated at minus 10 for a third consecutive month, according to the Mike Pero Mortgages-Infometrics Property Cycle Indicator, an analysis of changes in house sales, price movements and sales time. A value of minus 10 shows a strong downturn, while plus 10 indicates a strong upturn……………………………………….Full Article: Source


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