Wednesday, December 28, 2011

The World's Housing Bubble

by Richard Florida

America has suffered through a housing crisis for the past several years, with the average price falling 30 percent, and much more than that in some areas. So it may come as a surprise to many Americans that much of the world still appears to be in the throes of its own housing bubble. The chart below, from the Global Housing Monitor produced by the International Monetary Fund's Prakash Loungani, offers some perspective.
Housing prices have been falling in about half of the countries, but they're rising on the other half.

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photo by jekemp

photo by YST (aka kryptos5)

more about housing:

A New Look at Germany's Postwar Reconstruction

AN EQUILIBRIUM MODEL OF SORTING IN AN URBAN HOUSING MARKET: A Study of the Causes and Consequences of Residential Segregation

Residential Location Decisions: Heterogeneity and the Trade-off between Location and Housing Quality

Subsidies in the Suburbs

What is the Effect on Affordability as Small Cities Invest in Market Rate Housing in their Downtowns?

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