Quick Graphical Look at Global House-Price Declines

by: Paul Kedrosky

Nice figure in a current IMF paper on the global boom-bust cycle in residential real estate. Here we can compare what's been happening in a host of countries all finding real estate going off the rails at once: Denmark, Spain, the U.S. and Ireland are leading the way down. Most striking, at least to me, were the bubble-ish peaks put in in many non-U.S. countries. (Click to enlarge.)

Click to enlarge