Mortgage acceleration & house price changes

By | |

Flattr this!

The ABS House Price Index Data will pub­lished at 11.30am today. My Mort­gage Accel­er­a­tor data indi­cates that it will show a fur­ther rise in house prices—though at an anaemic lev­el of either below or bare­ly above CPI infla­tion.

The cor­re­la­tion coef­fi­cient between these two series is 0.853.

Bookmark the permalink.

About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.