Boom not over - REINZ
Sunday 19 September 2004
Real Estate Institute denies claims property boom is over but is advising caution as interest rates continue to rise
By The LandlordThe Real Estate Institute is bristling at suggestions the property boom is over.
At least one economist has made such a declaration, based on the latest figures which show the median house price fell in August to $247,000.
But Institute president Howard Morley says he cannot see anything supporting that view in the way he reads the statistics.
He says prices are holding, although there has been a fall off in the volumes of real estate being sold.
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