Mortgagee sales fell in March, says real estate website

Mortgagee sale numbers are falling, according to property website realestate.co.nz.

Chief executive Alistair Helm said 412 houses were being sold under mortgagee terms in February.

But this dropped to 335 properties last month.

Helm said the word 'mortgagee' was still the #1 search phrase on the site with over 1,000 searches in the past week, however this was dwarfed by levels of 3,500 per week in mid February.

In addition to a cooling of searching interest the number of mortgagee property listings on the website has been falling steadily.

To read the full NZ Herald article click here

Posted: 22 Apr 2009

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