Graph of the Day for April 17, 2010

Randall Hoven
"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:

US:  27.9%

Canada:  40.7%

Denmark:  54.7%

Great Britain:  54.9%

Ireland:  68.7%

New Zealand:  69.9%


Drops in housing prices from recent peak (as of 2009):

US:  8.02%

Canada:  12.4%

Denmark:  14.5%

Great Britain:  15.7%

Ireland:  26.9%

New Zealand:  14.9%

Source:  IMF, 2009 World Economic Outlook.


Graph of the Day Archive.

"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:

US:  27.9%

Canada:  40.7%

Denmark:  54.7%

Great Britain:  54.9%

Ireland:  68.7%

New Zealand:  69.9%


Drops in housing prices from recent peak (as of 2009):

US:  8.02%

Canada:  12.4%

Denmark:  14.5%

Great Britain:  15.7%

Ireland:  26.9%

New Zealand:  14.9%

Source:  IMF, 2009 World Economic Outlook.


Graph of the Day Archive.