Housing slump ending in Auckland
Bleeding edges of Auckland and Wellington city house price slumps bottoming out 17-23% below the late 2021 peak; Food price inflation eases in August; Slight rise in US inflation unnerves investors
TLDR: House prices are bottoming out in the ‘bleeding edge’ markets of Auckland City and Wellington City. ‘Team Transition’ had a bad night as US inflation data was hotter than expected, which drove global share prices down 4-5%.
House price deflation bottoming out at bleeding edges
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