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!['Perfect storm' for sales drop](/pf/resources/images/placeholders/placeholder_l.png?d=793)
'Perfect storm' for sales drop
A perfect storm of interest rate hikes, lending restrictions and inclement weather is being blamed for a slump in house sales.
![Auckland's $369 a day house price rise](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Auckland's $369 a day house price rise
Auckland house sales data for June is out, showing a slight decline in sales volumes but average sale prices up $11,088 - that's a daily price rise of $369.60.
![Dollar touches 2-month high](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar touches 2-month high
The Kiwi dollar touched a two-month high overnight, approaching 87.50 US cents, after a measure of Chinese manufacturing was stronger than expected
![Key boasts about NZ to Fed head Yellen](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Key boasts about NZ to Fed head Yellen
The chairwoman of the US Federal Reserve, Janet Yellen, said the New Zealand economy seemed to doing extremely well.