Mason Parker Mortgagee Marketing Specialist

With Alistair’s access to brilliant real estate data from the Real Estate web portal www.realestate.co.nz he has recently added a good blog comment on where he sees the mortgagee trends

Well worth a read – http://www.realestate.co.nz/blog/latest-mortgagee-sales-data-shows-only-half-the-story.html 

Fundamentally Alistair’s view of the data is that national mortgagee sales are looking like plateauing – he does this by noting the trend that most mortgagee listings generally sell within a short timeframe after listing – and that he has noticed a plateauing of mortgagee listings on www.realestate.co.nz and funnily enough a reduction in the number of people searching for mortgagee sales on www.realestate.co.nz

Perhaps this means that the low levels of mortgage rates – particularly for those current borrowers on floating mortgages – are helping distressed homeowners hold onto their properties.