Mortgages are still OK

Monday, 18 May 2020

Via CoreLogic weekly indicators, listings are not OK:

Mortgages are OK:

It does not look like a market about to see crashing prices on these metrics. But the leading mortgage index does not include investors who are under extreme stress owing to the rental crunch. And they play an outsized role on house prices.

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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.