CoreLogic: New year brings house price falls everywhere
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Via Core Logic, major city house prices continue to sicken with Melbourne joining in so far in January:
As the leading mortgage index plunges but listings don’t (talking about year on year changes not the cyclical drops):
It will be fascinating to see what the Autumn season brings. My guess is a spreading slow melt.
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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.