Saturday, December 24, 2011
As the United States continues to grapple with the fallout of its housing bubble and blow-up, recent research from the International Monetary Fund uncovers some startling statistics about other countries that could be headed toward their own U.S.-style housing crises.
While home prices have fallen in about half of the countries the IMF tracks, they’ve risen in the other half. Those trends coupled with data used to gauge the affordability of housing and whether homes are valued correctly seems to indicate prices have significant room to fall.
In other words, home values in many countries are inflating much like the run-up the U.S. saw in the early 2000s and could be headed for a correction.
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