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Fresh from RPData comes this week’s leading mortgage index:
That was quite an Xmas plunge, all the way back to 2013 levels. It’s going to be fascinating to see where we bounce back to entering the Autumn selling season. My guess is we’ll be down solidly year on year, the trend is already and is still falling heavily. It does not bode well for a spritely Autumn property season. Full report.
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.
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