Falling house prices do not worry New Zealanders as much as the cost of living and inflation, and that is because of concerns about housing affordability, experts say. Here’s what people think about house price fallsSeventeen percent of the survey’s respondents are worried about falling house prices, but 48% feel neutral about them, while 32% are optimistic about them. KATHRYN GEORGE/Stuff Thirty-two percent of NowNext survey respondents are optimistic about house price falls. “In particular, people who bought their first home recently have a different perspective.”Why are house price falls less of a concern? There has been a big shift in views on house price falls over recent years, Infometrics principal economist Brad Olsen says.

Source: Stuff March 05, 2023 02:15 UTC