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6 Jul 2022 21:27
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  •   Home > News > Business

    The resale value of residential real estate... is slightly weakening

    The resale value of residential real estate... is slightly weakening


    A CoreLogic report shows the median profit dipped to 406 thousand dollars in the three months to March, down from a record high of 435 thousand in 2021's last quarter.

    Chief Property Economist Kelvin Davidson says while the figures have softened consistent with the wider market slowdown, the fall is only minor.

    He says it may be some time before we see more substantial declines in profit-making resales.

    © 2022 Newstalk ZB, NZCity

     Other Business News
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     06 Jul: The Associate Finance Minister says we're not alone when it comes to economic challenges
     06 Jul: Optimism we can get on top of inflation without a big rise in unemployment
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     05 Jul: The business community is feeling downbeat
     Top Stories

    RUGBY RUGBY
    Accuracy is the catch-cry for the Irish rugby side this week as they seek to level the three-test series against the All Blacks at one-all More...


    BUSINESS BUSINESS
    Japanese beer giant Kirin, linked to Australian brewers, cuts ties with Myanmar junta in what activists call an 'irresponsible exit' More...



     Today's News

    Business:
    Japanese beer giant Kirin, linked to Australian brewers, cuts ties with Myanmar junta in what activists call an 'irresponsible exit' 21:09

    Entertainment:
    Oprah Winfrey threw a surprise BBQ party for her sick father on Monday (04.07.22) 21:08

    Entertainment:
    Martin Freeman admitted it "hurts" when his children do things without him 20:38

    Politics:
    Boris Johnson is in political trouble again and it looks pretty bad. What led to the resignation of Rishi Sunak and Sajid Javid? 20:19

    Entertainment:
    Sir Elton John has claimed Watford F.C. "saved his life" 20:08

    Entertainment:
    Cody Simpson and Emma McKeon have made their relationship Instagram official 19:38

    Entertainment:
    Camilla, Duchess of Cornwall chose Catherine, Duchess of Cambridge, to take her photo for Country Life magazine 19:08

    Rugby League:
    On another day of turmoil at the Warriors chief executive Cameron George has revealed their head coach announcement is imminent 18:59

    Politics:
    Chinese Communist Party donates police equipment to Solomon Islands 18:59

    Living & Travel:
    Accuracy is the catch-cry for the Irish rugby side this week as they seek to level the three-test series against the All Blacks at one-all 18:39


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