Here’s the world’s worst housing markets

In the year of the double dip, America has become one of the worst performing housing markets in the world, again.

Frank Knight's Global Price House Index recorded a 5.9% year-over-year decline for U.S. homes at the end of the second quarter. This was the sixth worst performance in the world.

Worldwide the housing market is at its weakest since 2009. Other big losers came mostly from Europe.

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