R.P.Data monthly housing wrap

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Find below the R.P. Data monthly update. I caution against taking the R.P.Date daily index too literally. It’s the trend that matters and despite a better May, the larger trend is still down. Not to mention the new index is very volatile. These videos could learn this lesson. It doesn’t help credibility to leap between bullish and bearish every month. Still, it’s a useful wrap.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.