CoreLogic: Year end mortgages tanked

Wednesday, 30 January 2019

CoreLogic is out with its first weekly report for the year and it does not bode well for house prices ahead. Listings barely retrenched and are ready to rocket into the Autumn not-selling season:

We are at a much higher base than we were in 2011 so look for all new records of unsold stock to be posted in the year ahead.

Just as discouraging for property owners, mortgage credit was smashed into Xmas:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.