Mortgagee listings steady to falling

Bernard Hickey delivers a housing report in association with ASB, including a closer look at this chart of mortgagee listings, which shows that listings have stabilised at or slightly below higher levels reached earlier this year after a sharp rise through late 2008. Relatively low unemployment and lower interest rates have capped the growth in mortgagee listings, which is a positive sign for the housing market. Here’s a link to the full interactive chart.

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This article is kindly republished courtesy of  Interest.co.nz

Posted: 14 Aug 2009

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