ASB Bank's quarterly housing confidence survey

A brief summary of the key points from ASB bank's housing confidence survey:

• 29% of survey participants expect housing prices to increase
• 28% expect lower prices
• 55% expect higher interest rates
• 8% expect interest rates to fall
• 27% believe now is a good time to buy
• 49 days recorded as the median in January for a house to sell.

Interesting that only about 1 in three expect lower prices - still roughly the same amount expect housing prices to increase.