30.03.2012 - Global house prices: Downdraft
From the late 1990s home prices across the rich world soared relentlessly upward, borne aloft on a gale of cheap capital. In 2006 some overvalued markets began crashing to earth. Until recently, however, the correction seemed remarkably contained. American and Irish home prices plunged, giving up all the gains of the previous decade, but others have fallen far less steeply. Some markets faltered and then stabilised. The latest update of The Economistís global house-price indicators hints that this period of post-crisis calm may be coming to an end...............................................Full Article: Source
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