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Chinks appearing in housing market

Monday 30th July 2007

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The latest ASB housing confidence survey is showing the first chinks in a still buoyant property market.

The survey, for the three month period to July, shows that there has been a significant turnaround in price expectations and, whether or not it is a good time to buy.

ASB chief economist Nick Tuffley says expectations that house prices will rise retreated over this three month period, after rising steadily over the preceding year.

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