1. Dominoes fall overseas.
- Author
-
Stensholt, John
- Subjects
- *
HOME prices , *RECESSIONS , *PRICE indexes , *ECONOMIC history - Abstract
The article reports on the global decline in house prices as shown by price indexes. The latest U.S. house price index reveals the continuous declines and double-digits falls, while the same document from Great Britain shows 10.3% price decline. Recession and house price in Ireland is down by 9.4% in the preceding year compared to the 210% increase in the past ten years. The recession for the 12 consecutive months resulted to the five percent downward slope of the economy in New Zealand.
- Published
- 2008