Friday, August 17, 2012

Global House Prices: "An Era of Frothiness is Over"

From The Economist:

AFTER years of dizzying ascents, a big dose of gravity has hit residential-property markets around the world. According to The Economist’s latest round-up, year-on-year prices are now falling in 12 of the 21 countries we track; in five of the other nine, prices are rising at a slower rate than they were a year ago....MORE, including interactive chart back to 1975.