Source: MIL-OSI Submissions
Due to New Zealand having been in lockdown since 25th March, it’s absolutely no surprise that CoreLogic’s real-time indicators of property market activity (e.g. agent appraisals generated, valuations ordered by lenders) have been weak lately. But with alert level three set to start at midnight Monday, we’ll now be using these metrics to provide timely insights into the strength and duration of the rebound.
At CoreLogic we have the ability to track a wide range of high-frequency measures that provide insights about how the housing market is responding to COVID-19. This article covers the latest NZ statistics, and these figures are starting to show signs of life.