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27 Apr 2024 7:37
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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.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     27 Apr: Pressure's on the Government to deliver for people come Budget day
     26 Apr: Public sector cuts could be to blame for poor economic outlook
     26 Apr: Activity in the housing market is holding its own against the rising cost of borrowing
     26 Apr: The cruise-ship season success is being celebrated -- but there's concern next season could hit an iceberg
     25 Apr: Cheaper citrus fruit may be on the way for shoppers
     25 Apr: It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans
     25 Apr: Chris Hipkins says veteran support is an area of unfinished business for him
     Top Stories

    RUGBY RUGBY
    An injury worry for the Chiefs out of their 38-22 Super Rugby win over the Waratahs in Sydney More...

    BUSINESS BUSINESS
    Pressure's on the Government to deliver for people come Budget day More...


     Today's News

    		 Law and Order:
    An American journalist read her own obituary online, and soon discovered the strange world of obit pirates 7:27

     Rugby:
    An injury worry for the Chiefs out of their 38-22 Super Rugby win over the Waratahs in Sydney 7:27

     Environment:
    A 4.7 magnitude earthquake has hit south of the Taranaki town of Waverley 7:17

     Health & Safety:
    King Charles to resume public-facing duties, but cancer treatment to continue 7:07

     Politics:
    A health commentator says asking hospitals to find millions in savings by June is a desperate attempt to balance the books 4:37

     Business:
    Pressure's on the Government to deliver for people come Budget day 4:37

     Law and Order:
    25 years after the murder of BBC presenter Jill Dando on her front doorstep, unanswered questions remain 21:47

     Environment:
    Fire and Emergency is urging the public to take extra care with controlled burns 21:17

     Rugby:
    The Chiefs are preparing for a tough physical match-up, when they take on the Waratahs in Sydney 18:57

     Rugby:
    The Chiefs are confident they'll be able to get a result in Sydney tonight without captain Luke Jacobson 18:37

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