US real estate increase less than Europe
Thu Sep 20 2007 12:08 am
by Bob Morris.
Since 2000, the average price of a new home in the US has risen by nearly 50%. Of the G-7 countries for which we have data, only Japan has seen lower returns.
Thus, those markets have much further to fall. The UK had the highest increase, 140%.
U.S. home foreclosures soared in August, up 36 percent from July, and more than double the previous August.
Posted in: Credit crisis.
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