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29 Jun 2022 6:48
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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

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    BUSINESS BUSINESS
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     Today's News

    Health & Safety:
    It comes as Canterbury DHB confirms Christchurch Hospital is sitting at 106 percent capacity, with many planned procedures being put off due to demand 6:29

    Entertainment:
    Chris Pratt ended up "coughing up dirt" when a prank went wrong on the set of 'The Terminal List' 6:21

    Business:
    Concerns over a potential electricity shortage this evening have been averted 23:29

    Entertainment:
    Devin Booker was "not going to propose" to Kendall Jenner 21:51

    Law and Order:
    Wellington Police investigating the death of a woman found at Kau Bay, near Miramar, yesterday aren't treating the death as suspicious 21:49

    Entertainment:
    NeNe Leakes thinks she has been "dragged" into legal drama with her boyfriend's wife 21:21

    Rugby:
    The All Blacks are contemplating being without one of their backline stars for the first two tests of the Ireland series 21:19

    International:
    While the world talked about Roe v Wade, the US Supreme Court was quietly reshaping the landscape in other ways 21:09

    Entertainment:
    Peter Facinelli and Lily Anne Harrison are expecting their first child together 20:51

    Entertainment:
    Chris Daughtry "beats himself up" over the deaths of his mother and his stepdaughter 20:21


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