US real estate increase less than Europe

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.