Predictions of steep falls in house prices because of Covid-19 are likely to prove unfounded, researchers say. READ MORE:* Reality check coming on house prices, Corelogic warns* Get set for more houses to be sold for a loss: Corelogic* What happens if your house is worth less than your home loan? Financial distress was a motivator for 19 per cent, and a fear of price falls for 16 per cent. Mandy Te/Stuff Auckland prices have dropped by about 0.3 per cent, Corelogic says. Provincial, rural areas that did not rely on tourism and had not had large increases in house prices in recent years could feel limited impact, he said.

Source: Stuff July 30, 2020 02:03 UTC