The Economist magazine made this fantastic interactive chart available that compares house prices in different countries. Where available, it compares pricing from 1990 until quarter 3 of 2009. I found it particularly interesting how little the run up in house prices was in Canada versus many other countries including the UK and the US. Although, I am sure that the data is correct for Canada, Vancouver has experienced significant appreciation in the same time period, proving that broad data is difficult in real estate pricing.
I also found it interesting how in some areas, there has been almost no correction.(Australia – in comparison to the US)
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Jeff:
Thanks for this. The two trend lines for the US are different. Why is that? A layman like me would think that US housing prices are US housing prices.
Tim
Thanks for the comment Tim. The two trend lines are because of two different indexes being used. Even though they mostly mirror each other, I would personally follow the Case Shiller index.
The house price increased tooooooooooooooo much in china, it is faster than the airplane…
I’ve noticed that there are so many different factors that go into house prices! Seriously, everything from the carpet on the floor to world wide economy has some sort of impact on the value of a home. I guess we all just have to float along with it for the time being, but I don’t know how anyone ever sells their home for the right value. That’s tough stuff.