07.11.2012 - NZ: Rising house prices should slow - RBNZ

House prices are over-valued, but some of the pressure on rising prices should come off as more homes are built in the coming year, according to the Reserve Bank. In its Financial Stability Report out today, new Reserve Bank governor Graeme Wheeler pointed out that that household debts levels remained high. So borrowers were vulnerable to a "potential" fall in house prices, despite cutting debt levels in recent years...............................................Full Article: Source

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