Liam Dann: NZ Herald business editor at large on New Zealand's housing market cooling in October - Heather du Plessis-Allan Drive

New data from REINZ showed the New Zealand housing market cooled in October.

Prices declined 2 percent nationally on a seasonally adjusted basis, in the first monthly reduction in house prices since April.

NZ Herald business editor at large Liam Dann says prospective buyers are feeling less optimistic as interest rates continue to soar.

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