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The year of conflicting forces
Where to next for the NZ housing market?
AI summary
The NZ housing market is experiencing a "subdued year" due to conflicting forces, according to CoreLogic economist Kelvin Davidson.
Positive factors like easing listings and active first home buyers are being offset by a weak economy. This balance has resulted in a flat market, with prices not expected to rebound sharply soon.
This period of stability presents continued opportunities for buyers before a potential market recovery is expected to begin in 2026.
A flat market, as predicted
Tailwinds: what’s supporting the market?
Headwinds: what’s holding the market back?
The outlook: stability now, stronger growth later
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