Sunday, September 23, 2007
Regular review of global HPs
Choice quotes: 'America's housing boom was almost modest by global standards—which is worrying', 'the average “excess” increase in real house prices is 47%. ', 'dangerously loose lending standards fuelled America's housing boom and now the fallout from increasing defaults is exacerbating the bust.', 'If America's slump deepens, it might trigger a reassessment in Europe's property hotspots' etc etc. Enjoy!