Logen Ninefingers
17-06-2010, 09:33 AM
If you go to the NZ Herald website, as I have done this morning, you'll see under the 'Personal Finance' section the headline:
Property market weak, prices fall 1.4pc in May
Opening paragraph: House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.
In the three months to May, house prices rose by 0.7 per cent. Compared to 12 months earlier, the index was up by 2.3 per cent.
This latest research shows that house prices are now 5.1 per cent below their peak in November 2007
....and under the 'Markets' section
House sales running hot despite cooling weather
Opening paragraph: Auckland's housing market is humming through the winter, with prices up in most suburban areas. Data out yesterday from the Real Estate Institute and national agency chain Harcourts showed increases. The institute said the median house price was down $6000 nationally.
Wendy Alexander, Barfoot & Thompson chief executive, said the long summer meant people relaxed, stayed in their summer clothes longer, avoided shopping malls and traded their houses.
"Now we're all going brrrrrr. Everyone is burrowing in. We're having a very quiet June. But in April and May, there was tremendous demand," she said. Barfoot's wanted more listings to satisfy buyer demand.
What's going on....this is 'reporting the news' running smack up against a propaganda piece for the Real Estate Institute and Harcourts, who must supply a lot of advertising revenue to The Herald.
What a joke.
Property market weak, prices fall 1.4pc in May
Opening paragraph: House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.
In the three months to May, house prices rose by 0.7 per cent. Compared to 12 months earlier, the index was up by 2.3 per cent.
This latest research shows that house prices are now 5.1 per cent below their peak in November 2007
....and under the 'Markets' section
House sales running hot despite cooling weather
Opening paragraph: Auckland's housing market is humming through the winter, with prices up in most suburban areas. Data out yesterday from the Real Estate Institute and national agency chain Harcourts showed increases. The institute said the median house price was down $6000 nationally.
Wendy Alexander, Barfoot & Thompson chief executive, said the long summer meant people relaxed, stayed in their summer clothes longer, avoided shopping malls and traded their houses.
"Now we're all going brrrrrr. Everyone is burrowing in. We're having a very quiet June. But in April and May, there was tremendous demand," she said. Barfoot's wanted more listings to satisfy buyer demand.
What's going on....this is 'reporting the news' running smack up against a propaganda piece for the Real Estate Institute and Harcourts, who must supply a lot of advertising revenue to The Herald.
What a joke.