Early Market Indicators Show The First Signs Of A Housing Market Slowdown

It has been three weeks since the government shutdown non-essential services, placed a temporary ban on auctions and open inspections, and essentially halted the economy in response to COVID-19.

From a values perspective, the CoreLogic hedonic index has been showing a loss of momentum in housing value growth rates since mid-March.  Data through to mid-April has seen a continuation in this trend, with the combined capital city measure slipping into negative territory week-on-week for the…