Property vital signs dead

Monday 27 November 2017

Via CoreLogic comes the leading mortgage index going absolutely nowhere:

If anything it is falling back further year on year. The next test is how low we sink over the break. I’m betting on a 2015 or worse rerun.

Listings are still up solidly but hardly panic stations:

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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.