NZ Housing: Rate Cuts Fail to Spark Market

New Zealand's housing market defies expectations! Despite aggressive interest rate cuts by the central bank to stimulate the economy, home prices dipped in August, down 1.3% from July and 0.5% year-over-year. Sales are also sluggish, with buyers adopting a cautious, wait-and-see approach. Will further rate cuts be enough to revive the market, or will uncertainty continue to reign? Hosted on Acast. See acast.com/privacy for more information.