Housing market “settling” as vendors accept lower prices - News Summed Up

Housing market “settling” as vendors accept lower prices


Number one that there is settling and normality coming into the market. And let me tell you, the best vendor manager in the market at the moment is the media… Nine out 10 vendors tell me ‘we know it’s hard. So they’re adjusting their reserves”… “There is a settling in the market and people are accepting that these are the new values. Hence the “settling” of the market described by Tom Panos. That said, prices will continue to fall so long as the Reserve Bank keeps hiking rates.


Source: The Guardian August 08, 2022 01:56 UTC



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