| From Sharechat.co.nz: The Treasury's economic outlook for the year, released in today's budget, forecasts a shrinkage in residential investment of 25% for the year to March and a further 23% contraction the following 12 months.
"There have been signs of a slight recovery in house sales over April, but...it is unlikely that the housing market will stage a significant recovery any time soon, with the risks tilted towards further declines in house prices as 2009 progresses."......Full Article: Source
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