CoreLogic’s leading mortgage index crashes

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Via CoreLogic comes the leading mortgage index, which is now well below 2014 levels:

Listings are the highest since 2012 though well below those levels:

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Meanwhile, price falls appear to be accelerating:

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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.