interesting article graphs past recessions, page-2

and another graph showing 30 countries and the price changes for the past year.....apart from Slovakia, and the Ukraine...over 20%...or the case/schiller report US 16.55, there is no 30-40% drops.....
the case schiller report is out of whack with other US reports...I wonder why ? is it flawed !

click on the alpha list to find graphs for each country....
this is a summary

Aus peaked in 2003 at 15, bottomed 2005 at 0, rose up to 10 in 06/07...back to 0 in 2008
UK peaked 2003 at 20, bottomed 2005 at 0, now -15 in 08
US peaked 2005 at 9, bottomed / been falling ever since to -9 (Office of Federal Housing report)*****
****note how the US did not peak until 2005, the opposite of AUS...we bottomed 2005, AUS peaked 2003, the US bottomed that year......
I guess this is where the theory comes from...US follows AUS in housing...not vice versa




Ukraine to US charts
http://www.globalpropertyguide.com/real-estate-house-prices/U
http://www.globalpropertyguide.com/house-prices-indices/House-price-changes-year-to-end-Q3-2008