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Housing market healthy - but prices will slip, ANZ says

Posted on 31 January 2012

Home prices will continue to weaken - but only because of subdued sentiment by buyers rather than fundamental problems in the market, according to a report on the health of the sector. ANZ analysis suggests that home prices should continue to ‘‘drift sideways to slightly lower through 2012’’ as buyers’ attitudes towards housing remain cautious in the year ahead.
‘‘Economic fundamentals suggest this weaker momentum is being driven mainly by a shift in market sentiment rather than any significant forced liquidation of housing due to financial stress,’’ ANZ senior economist David Cannington writes in the report published today………………………………………..Full Article: Source


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