After an unusually long drop in prices, the housing market is finally picking up again.
Affordability has improved greatly, and first home buyers a lot of properties are now within reach of first home buyers.
Is this a clear signal that the market is picking up again? It's one of the signals. Auction rates have risen back up to the mid 60%, from a low of 50% just a couple of months ago. And this was followed by the smallest monthly drop in prices, since it start falling.
What do you think?