RBNZ says house prices have stopped falling
Reserve Bank changes its forecasts and now expects house prices to rise from the current quarter, with annual prices showing an increase by March next year
Source: interest.co.nz
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The Reserve Bank's $20 billion vacuuming trick
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
Source: interest.co.nz
First home buyers still keeping the housing market ticking over
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
Source: interest.co.nz
Mortgage arrears show sharp rise
Latest Reserve Bank figures show non-performing housing loans rose nearly 12% in May, climbing to levels last seen around eight years ago
Source: interest.co.nz
Thank goodness for the first home buyers!
Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices
Source: interest.co.nz