Advertisement
CoreLogic’s leading indexes are out and they point to further house price weakness. Listings barely retraced over the Christmas break and are ready to rocket into the Autumn not-selling season:
As shown above, stock levels are exceeding the same time in February 2012, suggesting record potential stock levels this year.
SQM Research’s rival Stock on Market report, released yesterday, posted a similar lift in listings, with managing director Louis Christopher describing the situation as “abnormal and concerning” after the “terrible spring selling season”, with Christopher “now expecting a surge in listings over February”.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement