NEW ZEALAND HOME PRICES FELL 0.3% IN SEPTEMBER FROM AUGUST, HITTING THEIR LOWEST LEVEL SINCE JANUARY 2021 AND STANDING 19% BELOW THE JANUARY 2022 PEAK.
HIGH MORTGAGE RATES, RISING UNEMPLOYMENT AND ECONOMIC UNCERTAINTY CONTINUE TO WEIGH ON HOUSING, WITH TREASURY CUTTING ITS 12-MONTH PRICE GROWTH FORECAST TO 0.6% FROM 4%.
(@FirstSquaw)
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