The Worst of the Housing Crisis Is Behind Us

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OECD says central bank interventions have stunted home price growth. Prices are down 14% from their peaks in Sweden and New Zealand. And they're down in Australia by around 9%. It's worth noting that these are all countries that rolled out earlier or sharper interest rate increases than other countries. They've been hit much harder. Goldman Sachs predicts even further drops in prices in those countries.

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