New Zealand House Prices Fell a Ninth Straight Month in November
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New Zealand house prices fell for a ninth straight month in November as concerns about the sluggish economy and rising unemployment outweighed the impact of falling interest rates.
Values fell 0.4% from October, property consultancy CoreLogic New Zealand said Thursday in Wellington. From a year earlier, prices dropped 3.5% compared to a 2.2% annual decline in the previous month.