www.interest.co.nz Wizard Home Loans report Affordability improves in June 78.5% of pay to service mortgage Down from 80.6% in May Best level since Feb 2007 Record improvement Panel 2 House prices falling Median price down 3.4% Interest rates falling 2 year fixed rate 9.2% Down from 9.4% in May Panel 3 Wages up too Nearly 2 incomes needed But improving First time below 2 since 2007 Panel 4 Couples gave up Stayed renting Chose to have family Birth rate jumped
Related posts:
{ 2 comments }
this is only the beginning, the housing(debt)boom fueled by irrational exuberance combined with a global recession is going to see alot of fools and their money easily separated.
agree… cant see the banks wanting to hold onto those debts though, so there is going to be a dependancy for more rentals all over .. so many people, so little housing corp houses
Comments on this entry are closed.