"600 or 700 [thousand dollar mortgage limits for an income of $100,000], somewhere there seems to be the indication, and I think it marks a pretty big shift. This will limit house price growth in future, and really limits how many properties people can own, because you can't shift your income massively overnight."
#KelvinDavidson, Chief Property Economist, #Corelogic
#kelvindavidson #corelogic #mortgages #housing #housingprices
Bank economist inadvertently admits that neoclassical economic theory has little to do with reality:
"Good to see the economic theory playing out in reality, for once."
#KelvinDavidson, Chief Property Economist, #Corelogic
#kelvindavidson #corelogic #economics #economicTheory #neoclassical #banking
#CoreLogic has released its Monthly Chart Pack, which notes that dwelling values nationally were down 7.9% over the 12 months to February, “Australia's largest annual decline on record”: #property #ausproperty
https://www.macrobusiness.com.au/2023/03/australia-records-largest-ever-annual-house-price-decline/
#corelogic #property #ausproperty
"Single-family rental price increases dropped to 7.5% year over year in November, with all four tracked price tiers posting lower gains than a year earlier. November marked the seventh consecutive month of annual deceleration."
#RealEstate #SFR #SingleFamilyRentals #CoreLogic
@realestate@a.gup.pe @realestate@chirp.social
#Realestate #sfr #singlefamilyrentals #corelogic
This time really is different for Aussie house prices.
Australian dwelling values have just recorded their largest and fastest fall on record, according to #CoreLogic.
#property #housing #propertycrash #crash
#corelogic #property #housing #propertycrash #crash