Unsold inventory falls, mortgages pick up

Monday 1 July 2019

CoreLogic weekly indicators are swinging bullish pretty quickly. Unsold inventory is falling fast as new listings are very weak:

The leading mortgage index is flat but should be falling for Winter indicating strength:

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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.