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From Housing Gloom to Housing Boom

Market: New Zealand
Sector: -

Back in April, economists were grabbing news headlines with predictions of sharp house price declines. The housing market typically does not do well in a recession, and closed borders shut the door on demand from new migrants. Economists, however, could not have been more wrong. In October we saw house prices hit record highs in every region of the country. Why was economists’ pessimism so misplaced?

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From  Housing Gloom to Housing Boom