Housing Market is Picking Up

After an unusually long drop in prices, the housing market is finally picking up again.

Affordability has improved greatly, and first home buyers a lot of properties are now within reach of first home buyers.

Is this a clear signal that the market is picking up again? It's one of the signals. Auction rates have risen back up to the mid 60%, from a low of 50% just a couple of months ago. And this was followed by the smallest monthly drop in prices, since it start falling.

What do you think?


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