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FOOP drives Kiwi home buyers “into shadows”

August 15, 2022 - 14:30 -- Admin

Prominent economist Tony Alexander has released a new report arguing that “fear of overpaying” (FOOP) is behind the collapse in home sales and the ballooning in listings across New Zealand. Accordingly, “deep weakness” has permeated the housing market: Sales of properties are running around 40% down from a year ago, it is taking 13 days

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