Friday, October 17, 2008

House Prices going down world wide

It's official the IMF, released a report showing house prices are declining all over the world and Australia is no exception. Fortunately for the Aussies, the decline has been much less severe than other parts of the world. In the US, home price have declined more than 30% from their peak and even more in certain states. 2009 will probably see more declines as well. One positive from this for home owners is that at least home prices are holding up better than the stock market.


Do you think this trend is reflective of where you are living?

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