Is housing market rebound waiting to happen?
ANZ's economists are predicting house prices will rise 4.5 percent next year.
Photo: RNZ / Nate McKinnon
A stronger-than-expected housing market rebound is a possibility as interest rates fall, the country's biggest bank says.
ANZ's economists expect a small fall in house prices over this year, and values to stabilise towards the end. Next year, they expect prices to pick up 4.5 percent - a little less than BNZ's forecast of 7 percent.
They earlier said that the recovery from this downturn is harder to predict because it has been a policy-induced recession rather than something caused by external factors. It was not clear how much activity, including the housing market, was simply deferred rather than cancelled, they said.
They said were some early signs that the housing market might bo...