CoreLogic leading mortgage index still falling

Monday, 25 July 2016

From Corelogic:

The leading mortgage index is still falling but so much that we’d see it as anything other than seasonality. Meanwhile, listings are threatening to break lower unseasonably:

It’s a narrowing market with rapidly slowing credit offset by even lower volumes. Neither strong nor encouraging but not falling apart either. Full report.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.