The housing market is currently doing much better than most talking heads said just a few months ago.
I have been relatively bullish for some time now.
Why? Because housing supplies remain tight.
Demand – i.e., sales – is somewhat depressed at present but stock listed for resale and digs available for rent remains skin-tight.
Sales volumes typically improve in line with rising confidence and also when there are more bums on seats.
Interest rates impacts confidence and high immigration levels equates, in time, to more sales.
Three indicators from a recent client presentation accompany this week’s post.
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