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The uncertainty in the housing market is good for first time buyers, less so for homeowners

Publish Date
Tue, 24 Jan 2023, 7:40am
Photo / NZ Herald
Photo / NZ Herald

The uncertainty in the housing market is good for first time buyers, less so for homeowners

Publish Date
Tue, 24 Jan 2023, 7:40am

The downturn in the housing market isn't over yet.

Latest analysis from Core Logic shows the most recent quarterly dip in home values was the smallest decline since May last year.

But the pending recession and OCR hikes are continuing to create uncertainty.

Chief Property Economist Kelvin Davidson says that it's not the best time for homeowners, but it's good time for first-home buyers.

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