CoreLogic leading mortgage indicator flushed

Tuesday, 5 March 2019

There’s no reprieve for house prices ahead, according to the weekly CoreLogic update with credit still further down year on year than it was late last year:

New listing activity is very weak though unsold stock is very high:

Which helps explain the misleading bounce in clearance rates:

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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.