Home sales, at least in the U.S., seem to be rising. Existing home sales in June increased to 5.04 million annualized. That number may be affected by the weather, as June sales most likely come from contracts signed after the depths of winter.

To find out if this is a global improvement, we can take a look at the International Monetary Fund’s Global House Price Index. Its data and lovely infographics give us a few interesting things to digest. (You can also use the BIS data or OECD statistics).

The first chart shows the annual percentage change in housing prices. The U.S. is 10th, and housing prices in the country are still far below (35 percent, or so) their 2006 peak.

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Source: International Monetary Fund

Category: Data Analysis, Digital Media, Real Estate

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2 Responses to “Global House Price Index”

  1. emaij says:

    Best and worst housing markets? So “best” is the housing market with the highest appreciation? How about using more accurate terminology… like “market with highest appreciation”. I suppose the USA had one of the “best” housing markets in the world in 2005. It did not. It had valuations that were too high from a market perspective. It had valuations that reflected all kinds of terrible market information and awful behavior on the part of many market participants. This includes credit rating agencies with enormous conflicts of interest that were enabling banks to offload crappy mortgages onto investors around the world.

    Wouldn’t the best housing market from an investor’s perspective be the markets with a solid banking infrastructure where decent positive cash flow is available?

    Same goes for people in the market for a home… the best housing market is not the one with the highest appreciation this year.