CoreLogic head of research Nick Goodall describes some of the things that could make the property market downturn worse. Falling house prices and rising interest rates are making home-buyers wary, but experts say that, if you can afford it, now is a good time to buy. The institute’s House Price Index, which measures the changing value of residential property nationwide, is now down 12.4% from its peak in November last year. Stuff House price falls mean affordability has improved. “Someone might get a lower sale price for their house, but the house they are looking to buy will also be going for less, so it’s all relative.

Source: Stuff November 20, 2022 00:26 UTC