Property leading indicators still hot

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Via CoreLogic’s weekly leading indicators. Credit is easing seasonally but is still very high for the owner-occupiers driving the boom:

There are some signs of life for fresh for sale inventory but the stock is still painfully low:

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More price gains over winter on this data. 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.