In November, Jacinda Ardern said: 'It just cannot keep increasing at the rate that it is' when asked about rising house prices. Forget about fear of missing out on a new house - that fear is starting to be replaced by the fear of over-paying for one, economist Tony Alexander says. Alexander said his latest survey with the Real Estate Institute provided some evidence that fear of over-paying for a house, which he called “FOOP” was becoming a concern for house buyers. Supplied Worries about prices falling are now a big concern for buyers, economist Tony Alexander, says. But this month a gross 25 per cent of agents said this fear of prices falling was of prime concern.

Source: Stuff April 23, 2021 23:03 UTC