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Mortgage growth falls from nutty highs but new homebuyers still taking a hit | Greg Jericho

Surge in mortgages during pandemic suggests house prices will continue to grow for first half of 2022 – at least

Imagine in November 2019 you looked into a crystal ball and foresaw a global pandemic that we would still be grappling two years later. Would have you then thought it would be a good time to buy or sell a house?

You might have thought economic pandemonium and the shuttering of borders to overseas travellers would signal bad news for the housing market and thus it would be a good time to sell.

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Read the original article at The Guardian

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