by Boo_Randy
Coming soon to a bursting Fed-blown housing bubble near you.
https://www.macrobusiness.com.au/2022/09/frightened-buyers-flee-new-zealand-housing-avalanche/
A collapse in buyer interest has seen the number of homes listed on Realestate.co.nz swell by 108% in August compared with a year earlier.
In turn, the number of homes on the market stands at a seven year high for that time of year. This has driven the national average (non-seasonally adjusted) asking price down by $80,700 from its January 2022 peak, with Auckland prices falling $141,352 from peak: