Mortgage demand flame out? CoreLogic leading index tumbles

Tuesday, 5 November 2019

Via CoreLogic comes the leading listing index which is very weak leaving total listings at very low levels:

Equally, the leading mortgage index is now in something of a free fall. This is not seasonal. The index usual rises into December before it collpases through Christmas:

The index is now down materailly on 2018. I wouldn’t put my house on this index but it’s reasonable guide. Is this the end of pent up demand?

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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.