Celebrating humanity's flourishing through the spread of capitalism and the rule of law
12 Apr 2015 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, politics - Australia, politics - New Zealand, politics - USA, urban economics Tags: GFC, housing prices, land supply, zoning
The housing spikes in Australia and New Zealand preceded the global financial crisis, starting in about 1999, and were largely unaffected by the GFC. Housing prices in the USA were pretty calm except in the lead up to the GFC, and took a dive with the onset of the global financial crisis and great recession.
Source: Dallas Fed; Housing prices deflated by personal consumption expenditure (PCE) deflator.
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