CoreLogic leading indices signal more housing falls

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CoreLogic’s leading indices are out and they continue point to further house price weakness.

After barely retracing over the Christmas break, listings are ready to rocket into the Autumn not-selling season:

As shown above, stock levels are at levels not seen since February 2012, and could see record potential stock levels this year.

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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.