driller2000: Have followed Tony Alexander's posts for several years now and find his commentary informative and pretty balanced:
http://tonyalexander.co.nz/
He has also provided some useful commentary on the housing market and reasons why it is the way it is - esp in Auckland, which is worth a read:
http://tonyalexander.co.nz/wp-content/uploads/2015/05/Sporadic-8-May-12-2015.pdf
Importantly he is also the first to point out that neither he nor any other economist has predicted rate rises very well at all since the gfc - so he doesn't pretend to know it all:
"When will the rate go up? Don’t bother asking. There is not a single forecaster any of us can point to and say they have got their predictions on interest rates generally right since 2007. We have all proven that as yet in the post-GFC environment we have not regained the ability to predict sustained interest rate changes. The chances are that low interest rates will be around for a large number of years."
And finally in his last commentary - nor have any of those predicting 40% crashes in the last 30 years as a result of affordability been right either:
http://tonyalexander.co.nz/wp-content/uploads/2015/12/WO-December-10-2015.pdf
Good read.