CNBC
– JPMorgan’s research found that sharp price corrections have been relatively uncommon, even following large price increases.
– The research comes as fears grow over a housing bubble forming in the West, particularly in countries like the U.S., Canada and Australia.
– On Monday, The National Association of Realtors said that U.S. home resales volumes had fallen more than expected in June.
New research from JPMorgan examining historic data found that the risk of a dramatic decline in prices is low, despite current fears of a correction in the U.S. and Canada.
Using data from 14 developed countries dating back to 1950, JPMorgan’s research found that sharp price corrections have been relatively uncommon, even following large price increases.
