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Global House Price Index

Posted By Barry Ritholtz On July 22, 2014 @ 12:30 pm In Data Analysis,Digital Media,Real Estate | 2 Comments

Home sales, at least in the U.S., seem to be rising. Existing home sales in June increased to 5.04 million [1] 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 [2]. Its data and lovely infographics give us a few interesting things to digest. (You can also use the BIS data [3] or OECD statistics [4]).

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.

Continues here [5]


Source: International Monetary Fund [2]

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URL to article: http://www.ritholtz.com/blog/2014/07/global-house-price-index/

URLs in this post:

[1] 5.04 million: http://www.bloomberg.com/news/2014-07-22/sales-of-existing-homes-in-u-s-rise-to-an-eight-month-high.html

[2] Global House Price Index: http://www.imf.org/external/research/housing/index.htm

[3] BIS data: http://www.bis.org/statistics/pp.htm

[4] OECD statistics: http://www.oecd.org/statistics/

[5] Continues here: http://www.bloombergview.com/articles/2014-07-22/the-world-s-best-and-worst-housing-markets-ritholtz-chart

[6] Image: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/IMF-Global-Housing-Watch.png

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