No housing boom looming: English
Monday, March 19th 2012, 6:31AM
There were some interesting comments from Finance Minister Bill English over the weekend where he said another housing boom was unlikely. He told TVNZ's Q+A programme there isn't the cash around to fuel a boom.
English says neither our own banks nor the overseas ones which fund them are going to fund a bubble. He says although some prices have been rising, overall credit growth is zero.
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