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Global house prices: Bottom fishing

Posted on 05 June 2009

From Economist.com: Fears of a general deflation may be receding but in the rich world’s housing markets at least, falling prices are still the norm. Property values are slumping in almost all of the 19 countries in our latest global survey.
The trend is most persistent in America, where prices in the first quarter were 19.1% lower than a year before, according to the national index published by S&P/Case-Shiller. That is the biggest drop since the series began in 1987………Full Article: Source


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