Experts say that as REITs broaden into new asset courses like industrial, information centers, hotel, healthcare, and training, they may expertise speedy growth in the future. “Interest rates have been an essential force in elevating housing prices during the last 10 or 20 years,” he defined. During the true estate market’s peak, in February 2022, the typical MLS listing value was $1.1 million, the association says. In February 2023 that number had dropped by 14.7 per cent to $941,575. House prices ‘consistent’ across most of NZ – however one city sees shocking fall Job cuts and a tighter job market …