CoreLogic’s leading property indicators continue to run red hot. There is a little hint that inventory on market is normalising as prices skyrocket:
However, so far, any rebound in the supply of properties for sale has been easily absorbed by the frenzy of buyers.
On the demand side, owner-occupier mortgage issuance is booming:
It’s unusual for the Autumn peak to match the Spring one but we’re headed that way. This is only owner-occupiers remember, investors are warming up as well.
It looks like a Winter frenzy ahead for property prices. Full report.