Do you know about - Bill English: Falling house prices
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Bill English: Falling house prices Video Clips. Duration : 4.18 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Bill is the Deputy Leader of the National Party, National's Spokesman for Finance and MP for Clutha / Southland. He was first elected to Parliament in 1990 as MP for Wallace, a large rural electorate covering the deep south-west end of New Zealand. Bill was born in Dipton, Southland, and farmed in the area. He completed a Bachelor of Commerce degree at Otago University, followed by a Bachelor of Arts (Hons) in English Literature at Victoria University in Wellington. Bill held ministerial posts in education, health, revenue and finance and he was leader of the National Party from October 2001 to October 2003. The Reserve Bank said in its June Monetary Policy Statement that the housing market was slowing much faster than expected and that prices would now drop 13% from their November 2007 peaks over the ensuing 18 months. (This corrects from an earlier version of the story which said the forecast was for a 12% fall. A Reserve Bank official said the forecast was for 12%, but Governor Bollard later used 13% in a press conference.) This June MPS forecast is up from a forecast for a 5% drop in 2008 in its last MPS in March, before being flat in 2009. Effective mortgage rates would not start falling until well into 2009, which combined with lower migration and tighter credit policies meant the housing market would continue slumping.
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