Economist Tony Alexander has released a note explaining why he believes New Zealand’s housing bust has entered its endgame. While house prices are still falling, the pace of decline is slowing and sales are recovering. Perhaps the most interesting result is confirmation of a slowing in the pace with which house prices are falling in New Zealand. On average in September according to the REINZ’s House Price Index average house prices fell by just 0. Now, as noted some three or so months back, the endgame is underway involving the pace of price declines slowing and now sales starting to recover slightly.

Source: Stuff October 14, 2022 16:56 UTC