House prices lower says Terranet National Bank

House prices lower says Terranet National Bank

House prices lower says Terranet National Bank December saw house prices drop from the month before according to the Teranet-National Bank Composite House Price Index. The figures, released today, reveal a national average drop of 0.2 per cent. Annually house prices have increased by 4.9 per cent. Analysts are forecasting a slower pace for the housing market this year, especially if and when interest rates increase.