CoreLogic leading indices point to 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 beginning to rocket into the Autumn not-selling season:

By contrast, trend finance commitments have plummeted:

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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.