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Later than usual and still less cooling than normal but easing off. Via CoreLogic’s leading mortgage index:
However, sales inventory remains deeply depressed despite a pretty good flow in recent months:
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Still only more price gains in 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.