Leading mortgage index melt-up signals hot winter property

Property is hot and, so far, is even threatening to overheat into colder months and seasonal weakness. CoreLogic’s leading mortgage index is melting-up into Autumn:

A red hot winter for property.

Remember that is only owner-occupiers and investors have been rapidly heating up as well.

There is some minor offset on rising inventory for sale:

Listings lift to their knees

However, listings will slump into winter most likely so despite the a decent lift in the flow, the stock may well hit new lows for the cycle.

Nothing but skyrocketing prices here. Full report.

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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.