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April 17, 2010
Graph of the Day for April 17, 2010
"We have, I think, an excessive degree of concern right now about home ownership and its role in the economy... those who argue that housing prices are now at the point of a bubble seem to me to be missing a very important point... This is not the dot-com situation... you're not going to see the collapse that you see when people talk about a bubble." Rep. Barney Frank (D-MA), June 2005.
Source: Federal Housing Finance Agency.
Hoven's Index for April 17, 2010
Increases in housing prices, 2001-06:
Great Britain: 54.9%
New Zealand: 69.9%
Drops in housing prices from recent peak (as of 2009):
Great Britain: 15.7%
New Zealand: 14.9%
Source: IMF, 2009 World Economic Outlook.
Graph of the Day Archive.