* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Inflation drops, borrowers take a gamble: Here’s what moved the housing market this week

April 20, 2024
in Business
Inflation drops, borrowers take a gamble: Here’s what moved the housing market this week
Share on FacebookShare on Twitter

Christchurch based housing

Agents are seeing activity among a range of buyer groups, with first-home buyers and owner occupiers being the most active.
Photo: RNZ / Nate McKinnon

Analysis – Inflation drops, borrowers take a gamble on one-year mortgage rates, and pet-owning renters are thrown a bone. Here’s what moved real estate this week.

Activity in the housing market is picking up, with increasing stock levels giving buyers more choice.

The Real Estate Institute’s (REINZ) house price index, which measures the changing value of properties, fell 1.2 percent in March over February, led down by 1.9 percent price drop in the Auckland region.

The national median price rose 2.7 percent to $800,000 from $779,000 the year earlier.

REINZ chief executive Jen Baird said March market activity had been boosted by a 23 percent increase in the number of listings.

“Growing numbers of buyers are acting now,” she said.

Agents were seeing activity among a range of buyer groups, with first-home buyers and owner occupiers being the most active, she said.

They were optimistic that market activity would continue to pick up into the cooler months.

Inflation

Annual inflation has slowed to a near three-year low despite a slight quickening in the first quarter of the year.

Stats NZ said the consumer price index rose 0.6 percent – driven by higher rents, rates, insurance and alcohol and tobacco, which offset cheaper petrol and international airfares.

The annual rate eased to 4 percent from 4.7 percent – the lowest since June 2021.

The RBNZ has said it was confident inflation would be back in its target 1 to 3 percent band by the end of 2024, but repeated that interest rates would stay high until it was certain that was happening.

The RBNZ’s last monetary policy statement in February hinted at rate cuts possibly starting as late as June 2025, while financial markets have scaled their bets to November 2024.

Read more: Why the latest inflation figures aren’t all good news

Interest rates, economic growth

Local borrowers have been trying to second-guess when the RBNZ will start cutting interest rates by moving to shorter-term mortgages, even though it will cost them more.

Property research firm CoreLogic said 56 percent of new loans in February were fixed for one year compared to 36 percent in December with borrowers guessing rates have peaked.

The property sector was set to remain sluggish going well into next year, CoreLogic chief economist Kelvin Davidson said.

Meanwhile, households and businesses would need to watch spending until mid-2025, Infometrics chief forecaster Gareth Kiernan said.

“Between then and 2027, lower interest rates, less contractionary fiscal policy and the improving world economy will all contribute to an acceleration in economic growth back towards 3 percent per annum,” he said.

Infometrics forecast annual inflation to drop below 3 percent by early 2025, which would give the Reserve Bank confidence to begin cutting the official cash rate in November from 5.5 percent to a neutral rate of 4 percent by the end of 2025.

Pet bonds

The government has announced a pet bond regime will be in place by the end of next year.

Housing Minister Chris Bishop said he expected landlords would use good faith when negotiating pet bonds with their tenants.

The bond would be capped at two weeks’ rent, tenants would be liable for any damage beyond fair wear and tear, and landlords could withhold consent on reasonable grounds.

“Reasonable grounds” for refusal was context-specific, Bishop said, but would ultimately be established by legal precedent in the Tenancy Tribunal.

However, Renters United spokesperson Luke Somervell said it would not do much for tenants.

“Pet bond changes don’t offer more security for renters; in fact, they open the door for landlords to pad their wallets at renters’ expense.”

He said landlords could still evict tenants whenever they wanted, with the return of no-cause terminations.

However, New Zealand Property Investors Federation vice-president Peter Lewis welcomed the move and told Morning Report pets increased the risk of damage for a landlord.

People were happier when they lived with their pets, and landlords wanted happy tenants, so anything that made the process easier was a good thing, he said.

KiwiBuild projects delayed

Kāinga Ora stopped releasing the outcome of any new KiwiBuild developments after the commencement of the government’s independent review of the housing provider.

In December, the coalition government announced the probe chaired by former prime minister Sir Bill English.

Select committee documents showed Kāinga Ora made the decision to delay some work programmes such as KiwiBuild following the review.

Meanwhile, funding for support services designed to help people out of emergency housing is due to expire in two months – and the government will not commit to extending it.

That is despite its recently announced target to reduce the number of households in emergency housing – currently about 800 – by 75 percent in the next six years.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/on-the-inside/514751/inflation-drops-borrowers-take-a-gamble-here-s-what-moved-the-housing-market-this-week

Tags: businessDropsInflation
Previous Post

Blackwell Global director Michael Chai arrested in the Philippines

Next Post

Bank of Mexico deputy governor sees rates on hold for longer than expected

Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

Microsoft Aims to Broaden Access to OpenAI Technology

August 3, 2025

Catamount Football ’25 – Fall Practice No. 4 – catamountsports.com

August 3, 2025
Endemism shapes viral ecology and evolution in globally distributed hydrothermal vent ecosystems – Nature

Endemism shapes viral ecology and evolution in globally distributed hydrothermal vent ecosystems – Nature

August 2, 2025
Scientists Finally Reveal the Hidden Trigger Behind Lightning Strikes

Scientists Finally Reveal the Hidden Trigger Behind Lightning Strikes

August 2, 2025
Young minds explore science at NDSU summer research program – InForum

Young Minds Ignite Curiosity at NDSU Summer Science Research Program

August 2, 2025
PlayStation Preparing to Release More Games on Xbox – Report – PlayStation LifeStyle

PlayStation Gears Up to Launch Exciting New Games on Xbox

August 2, 2025
Lexington County hits a home run hosting the Diamond Youth Baseball World Series – WLTX

Lexington County Hits a Home Run Hosting the Diamond Youth Baseball World Series

August 2, 2025
Some rural Texans see THC as a lifeline for their health and economy – The Texas Tribune

How THC Is Revolutionizing Health and Sparking Economic Growth in Rural Texas

August 2, 2025
Fox Corporation Acquires One-Third Interest in Penske Entertainment – INDYCAR.com

Fox Corporation Makes Bold Move with Major Investment in Penske Entertainment, Powering INDYCAR’s Future

August 2, 2025
Minnesotans face health impacts as wildfire smoke lingers – kare11.com

Minnesotans face health impacts as wildfire smoke lingers – kare11.com

August 2, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (751)
  • Economy (776)
  • Entertainment (21,653)
  • General (16,254)
  • Health (9,813)
  • Lifestyle (784)
  • News (22,149)
  • People (776)
  • Politics (785)
  • Science (15,989)
  • Sports (21,272)
  • Technology (15,754)
  • World (758)

Recent News

Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

Microsoft Aims to Broaden Access to OpenAI Technology

August 3, 2025

Catamount Football ’25 – Fall Practice No. 4 – catamountsports.com

August 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version