19.04.2012 - NZ: Home truths about the housing market |
The housing market is warming up, especially in Auckland. Is this the start of another economically debilitating and socially destructive boom, like that of the mid-2000s? Probably not. The pick-up in housing market turnover is from a depressed base while the rise in prices, so far modest, is from a very high base relative to incomes...............................................Full Article: Source |