The latest “Tony’s View” report from prominent New Zealand housing bull, Tony Alexander, claims the “end game” has finally arrived for the nation’s housing market:Over a year ago I said that NZ’s housing market had entered the endgame for the cycle regardless of whether you started the boom from 1992, 2012, or June 2020. The end has come about six months earlier than the June quarter 2022 timing I was expecting and that is largely because of the credit crunch. People tend to think that this sort of thinking is associated only with investors being greedy. It is the great unwashed engaging in thoughts that they are idiots not to buy and that others will keep buying which really gets a market soaring upward. My best pick is we will be in that endgame from some point next year.

Source: New Zealand Herald June 03, 2022 07:39 UTC