CoreLogic produces a handy set of leading indicators for property markets. The first is for mortgages that have been seriously overheating. Normally we see an Autumn peak but this year it has come later and higher. Be aware that the index is only for owner-occupiers but they have driven the price boom to date anyway:
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There’s still more than enough heat in that index to suggest very strong price growth ahead.
The same can be said for property inventory. Although the flow of properties for sale has somewhat normalised after COVID, the stock on market remains acutely low:
There is nothing here but more very strong price growth into a winter of discontent for prospective buyers. Full report.