Thursday, December 16, 2010

Haven't posted in a while: Housing prices

Some interesting things that I'm just catching up on following this economist article on global housing prices back midyear.

And now this follow up from the IMF.

"The econometric analysis suggests an overvaluation of 5-10 percent depending on the model specification." This was compared to an earlier paper suggesting overvaluation of around 15%. So we are overvalued, rather than in a bubble according to the IMF. Seems about right to me.


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