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Global Housing Watch

The Global Housing Watch tracks developments in housing markets across the world on a quarterly basis. It provides current data on house prices as well as metrics used to assess valuation in housing markets, such as house price‑to‑rent and house-price‑to‑income ratios.

Global Housing Watch Quarterly Update
October 2015

Globally, house prices continue a slow recovery. The Global House Price Index, an equally weighted average of real house prices in nearly 60 countries, inched up slowly during the past two years but has not yet returned to pre-crisis levels. Read more...

Australia: Selected Issues

Are Australia's House Prices Overvalued?

House prices in Australia have increased strongly over the past two decades, including by comparison internationally. Thus house prices are often argued to be overvalued. Many counter-arguments have been put forward for why such measures are flawed. We argue that house prices are moderately stronger than consistent with current economic fundamentals, but less than a comparison to historical or international averages would suggest. Read more on page 4 of the report...

Israel: Selected Issues

The Residential Real Estate Tax System in Israel: A comparison with other countries and with best practices

This paper compares the system of taxation on housing in Israel with other countries and with best practices. It also assesses the role the tax system could play in containing the housing price boom, and in making housing more affordable. Read more on page 52 of the report...

Norway: Selected Issues

The Housing Boom and Household Debt in Norway

This paper examines the characteristics of household debt and various factors driving the housing boom and debt accumulation, with a particular focus on institutional factors. The paper also examines the vulnerability stemming from the high level of household debt and the potential macroeconomic impact of a possible house price correction. Read more on page 16 of the report...

Working Paper

Price Expectations and the U.S. Housing Boom

This present paper aims to identify house price expectation shocks directly. The authors estimate a VAR model for the U.S. and use sign restrictions to identify house price expectation, housing supply, housing demand, and mortgage rate shocks. House price expectation shocks are the most important driver of the boom and account for about 30 percent of the real house price increase. Read more...

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Last Updated: October 28, 2015

Global House Price Index

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House Prices Around the World

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Credit Growth Around the World

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House Price-to-Income Ratio

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House Price-to-Rent Ratio