Watch You Tube version here. Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that housing confidence surged in the three months to October, an ASB survey has found. Confidence is now back at the levels seen in 2007 at the peak of the housing boom, with 53% of those surveyed expecting house prices to rise while only 13% expected house prices to fall. But is it sustainable? ASB economist Nick Tuffley questioned whether the RBNZ could keep the OCR on hold until the second half of next year and survey respondents also expected interest rates to rise. Interestingly, the proportion who said now was a good time to buy actually fell, perhaps in anticipation of the higher rates. Meanwhile news out of Singapore on the weekend that the Copenhagen climate change conference will now just be a talk shop with the hard details hammered out later, the BBC reported.
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