House prices After the fall Jun 16th 2005 From The Economist print edition Soaring house prices have given a huge boost to the world economy. What happens when they drop? PERHAPS the best evidence that America's house prices have reached dangerous levels is the fact that house-buying mania has been plastered on the front of virtually every American newspaper and magazine over the past month. Such bubble-talk hardly comes as a surprise to our readers. We have been warning for some time that the price of housing was rising at an alarming rate all around the globe, including in America....
