Bloomberg with a piece on Goldman Sachs assessment on G10 housing markets
Goldman Sachs report looks at housing markets in the G-10 countries (those with the 10 most-traded currencies in the world)
- Finds they are most elevated in small, open economies such as New Zealand
- GS said there is about a 40 percent chance of a housing "bust" in New Zealand over the next two years (a bust is house prices falling five percent or more after adjustment for inflation)
- house prices in New Zealand appear the most over-valued, followed by Canada, Sweden, Australia and Norway
