Nat Keall: ASB Economist on the growing confidence in the housing market

The number of people who expect house prices to continue to fall is dropping.   The ASB Housing Confidence Survey shows 8% believe that, down from 34% last quarter.  More people think now's a good time to buy but there's still a split.   Aucklanders are the most confident house prices will increase.  ASB economist Nathaniel Keall says it suggests the market's at a turning point.   He says people still think prices will fall further and interest rates will rise, but the number is far less than even a few months ago.  LISTEN ABOVE See omnystudio.com/listener for privacy information.