Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5936
    -0.0000 (-0.01%)
     
  • NZD/EUR

    0.5543
    -0.0003 (-0.05%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.83
    +0.02 (+0.02%)
     
  • GOLD

    2,327.70
    -10.70 (-0.46%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • NZD/JPY

    92.1450
    +0.0300 (+0.03%)
     

Property Prices and the Interest Rate Impact Loan Demand

Property Prices and the Interest Rate Impact Loan Demand

In the latest monthly report, the NAR (National Association of Realtors) revealed that existing home sales fell in July. The sales fell for the fourth consecutive month. Consumers continued to postpone their plans to buy homes amid higher house prices. The NAR stated that the shortage of properties in the market pushed house prices higher. Declining existing home sales are impacting the US mortgage industry.