How the U.S. Stacks Up
A recent Economist.com article took a look at the housing market in 20 countries. It took a look at whether the current decline in the market that the U.S. is experiencing is also being seen in other countries housing markets. Here’s what they found:
As illustrated above, the U.S. and Japan were the only countries that had a decline. South Africa, Singapore, Denmark, New Zealand and Britain posted double digit increases. While home prices across the globe appear to be slightly weaker than the prior year, they remain fairly strong compared to the slumping U.S. market.