There ain’t no mortgage recovery underway…

Not according to the CoreLogic leading index this week:

Down just as heavily year on year this year as it was last year.

New listings are very slow but total listings is still climbing anyway:

No panic selling here yet. But a full blown buyer’s strike. Full report.

Houses and Holes

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 fouding 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.

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