What do economists miss?
Tuesday, 23rd September
Hi
Sunshine. It’s one factor economists don’t look at when they do their predictions, but I reckon it has a part to play in the housing market.
Over the past week I have been out talking to property people in Rotoura as part of a feature we are doing for the October issue of the NZ Property Investor magazine. What has surprised me, a little, is how positive everyone is feeling.
Through winter, up until July or August things were pretty bleak in the market. Prices were down, properties weren’t selling and people were staying home.
Indeed three real estate offices have disappeared in the city this year – a true sign of how tough the market is.
Finish reading my blog
here and leave your comments.
Warm regards
The Landlord
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