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

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

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.

David Llewellyn-Smith
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