There has been a slight increase in the number of people who think it is a good time to buy a house, according to ASB's Housing Confidence Survey.
In a survey carried out over the three months to the end of July with 2825 respondents, 23% thought it was a good time to buy a house, up from 19% in the three months from February to April.
Conversely 15% thought it was a bad time to buy, which was unchanged from the previous three months.
But the biggest group were those who didn't have strong feelings one way or the other, with 47% saying it was neither a good nor bad time to buy, down from 51%. The 15% who simply didn't know was unchanged from the previous three months.
So the only movement was a small shift in the number of people who moved from thinking it was neither a good nor bad time to buy to thinking it was a good time to buy.
There were bigger movements in the numbers who thought interest rates would go up or down.
The number who thought interest rates would rise dropped from 23% in the three months to April, to 17% in the three months to July, while those who thought they would fall increased from 13% to 27% over the same period.
The biggest group (30%) were those who thought interest rates would remain the same, down from 36%, while 26% didn't know (previously 28%).
The survey was completed shortly before the Reserve Bank made a surprisingly 50 basis points cut to the Official Cash Rate in early August and the housing market has largely been in the doldrums over winter.
ASB's next survey, which will be carried out over the three months to October, is likely to be more telling, because it will capture the mood post the OCR cut and people will have an idea of how much the housing market will have moved over spring, which is usually a busier time of year for the real estate industry.
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