Kim Mundy: ASB Senior Economist on the rising confidence in the housing market

There’s more belief in the housing market.  ASB's latest Housing Confidence survey shows net 51% of people expect house prices to rise.  It's the highest reading since October 2021, before the start of the most recent housing market downturn.  Senior Economist Kim Mundy says last time expectations were at this level, annual house price growth was at almost 30%  - this time it's at 2.2%.  So, she says, while it doesn't necessarily point to a degree of house price growth, it does suggest house prices can lift over the coming year.  LISTEN ABOVE See omnystudio.com/listener for privacy information.