House prices in supply constrained Auckland and Canterbury will keep rising due to supply constraints, ASB economists say, following figures from Realestate.co.nz showing both remained firm sellers' markets. Realestate.co.nz's Property Report covering October, shows inventory levels of houses for sale in the two cities remained "well below" long-term averages despite listings in Canterbury rising, while asking prices of houses listed for sale during October hit new highs. ASB economist Jane Turner noted the number of new house listings nationwide on realestate.co.nz edged slightly up over October, although remained ... (full story)