keithp

Quick Graphical Look at Global House-Price Declines

The graph does not match the text. The text says "In a few countries - the United States and Ireland - house prices have fallen during the past year". They do a lousy job of captioning the chart, but it appears that they are charting year-to-year price changes. So...the only currently declining _prices_ are indeed the US and Ireland. It would be more correct to say that the rate of price _increases_ has declined significantly - starting with AU/UK in 2002/2003, and in the US in 2005. If the graph were not inflation-adjusted, then you could probably include Denmark and Spain.